New Zealand launches next phase of RBNZ governance overhaul
RBNZ gains new governance board and formal financial stability remit
The government of New Zealand has moved ahead with the next phase of its overhaul of the central bank’s governance, unveiling plans to establish a new board and create a formal financial stability remit.
The new governance structure would see a “legally empowered” board installed that would be responsible for overseeing the Reserve Bank of New Zealand’s (RBNZ) functions, other than those covered by the monetary policy committee. The board would recommend senior appointments and be held
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