RBNZ proposes measures to boost regulatory efficiency
Central bank proposes cost-cutting refinements to regulation
The Reserve Bank of New Zealand (RBNZ) is launching a consultation aimed at cutting unnecessary costs stemming from its regulatory framework, it said today (July 21).
The consultation makes proposals based on the results of a "regulatory stocktake" the RBNZ has conducted over the past year, in an attempt to assess the unintended effects of a decade of regulatory change.
Toby Fiennes, the RBNZ's head of prudential supervision, said the stocktake aimed to ensure the "efficiency, clarity and
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