Bascand says RBNZ more alert to risks
Deputy governor sees benefits in new risk management approach
The Reserve Bank of New Zealand's (RBNZ) ability to anticipate risks has improved with the introduction of a new enterprise risk management framework, according to deputy governor Geoff Bascand.
Bascand, who is responsible for operations, spoke to Central Banking on the sidelines of the National Asset-Liability Management conference earlier this month.
"I would say we are a lot more aware and alert to risks… we are certainly anticipating them, thinking about where they may arise," he said.
The
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