RBNZ aims to toughen banking oversight

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The Reserve Bank of New Zealand

The Reserve Bank of New Zealand will take a tougher approach to financial supervision and regulation, it said on June 26.

“Our approach to financial stability is expanding and becoming more intensive, in terms of both regulation and supervision,” said Geoff Bascand, RBNZ’s deputy governor and general manager of financial stability.

The RBNZ’s changes to its financial stability policy is the focus of the second round of the review of the Reserve Bank Act. The first review added employment to

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