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Our transformation as a modern prudential regulator
The Reserve Bank of New Zealand – Te Pūtea Matua has been evolving to meet the increased expectations placed on us as a modern central bank and prudential regulator, Deputy Governor Christian Hawkesby says in a speech published today. “As an institution we are going through the most significant changes since the Reserve Bank of New Zealand reforms of the 1980s,” Mr Hawkesby says. “Expectations on us have changed considerably in recent decades, which have led to changes to our legislation and mandate, including our new overarching purpose to ‘promote the prosperity and wellbeing of New Zealanders and ... (full story)