Reserve Bank of New Zealand Bulletin released
The Reserve Bank today released a Bulletin article by Dr Chris Hunt, ‘Independence with accountability: financial system regulation and the Reserve Bank’.
This article discusses the main reasons for delegating certain financial system-related functions and objectives to an agency that sits at arm’s length from government.
The article outlines the Reserve Bank’s role as New Zealand’s single integrated prudential regulator and supervisor, and the important accountability arrangements that sit alongside the tasks delegated by Parliament to the Reserve Bank.
Angus Barclay, External Communications Adviser
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