Banking supervision : placing a new emphasis on the role of bank directors
On 1 January 1996 a new set of banking supervision and disclosure arrangements came into force. An important feature of the new arrangements is the emphasis now being placed on the role of the Board of Directors in overseeing the management of their bank. This article discusses the Reserve Bank's requirements relating the bank directors and the expectations which the Reserve Bank has of the role played by directors. It also discusses the importance which the Reserve Bank attaches to banks having a well qualified and suitably experienced management team.