New Zealand takes step towards new FMI framework
RBNZ and FMA in line for new regulatory powers
The Reserve Bank of New Zealand (RBNZ) is in line for new regulatory powers over financial market infrastructures (FMIs) after the country’s cabinet approved a new legislative framework.
Deputy governor Grant Spencer said the framework would fill “important gaps in existing regulation” and “help support the oversight and supervision of the FMI sector”. The proposed legislation will be put before the public before being introduced into parliament.
The framework includes information-gathering
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