The Reserve Bank of New Zealand’s vision for the financial system is that it is inclusive, trusted, and resilient, while also being efficient and competitive. However, no single institution can deliver this vision on its own. This is why we cherish our work as co-Chair of the Council of Financial Regulators (CoFR), so that we can respond collectively to an ever-changing environment. New Zealand’s financial system has many positive features and at times has led world innovation. However, the frontier of ‘world-class’ has moved on and we will be increasingly left behind if we don’t work collectively. New Zealand’s ... (full story)