Press Release – Reserve Bank The Reserve Bank – Te Ptea Matua has established a new standalone Enforcement Department to promote confidence in compliance across regulated sectors. The Enforcement Department is operationally separate from the Banks Supervision team, but the …
The Reserve Bank – Te Pūtea Matua has established a new standalone Enforcement Department to promote confidence in compliance across regulated sectors.
The Enforcement Department is operationally separate from the Bank’s Supervision team, but the two will work closely together to achieve the Bank’s compliance goals of incentivising and managing prudent behaviour, and holding institutions to account for non-compliance. The two departments operate within the Bank’s Financial Stability Group, which is led by Deputy Governor and General Manager of Financial Stability Geoff Bascand.
The Reserve Bank - Te Pūtea Matua has established a new standalone Enforcement Department to promote confidence in compliance across regulated sectors. The Enforcement Department is operationally separate from the Bank’s Supervision team, but the .