New Zealand: Financial Sector Assessment Program : Technical Note-Regulation and Oversight of Financial Market Infrastructures.

This Technical Note assesses regulation and oversight of financial market infrastructures (FMIs) in New Zealand. The regulatory and oversight framework for FMIs in New Zealand is undergoing a major reform. The Reserve Bank of New Zealand and the Financial Markets Authority (FMA) currently lack suffi...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, 2017.
Colección:IMF country report ; no. 17/115.
Temas:
International Monetary Fund > New Zealand.
International Monetary Fund.
Financial institutions > New Zealand > Evaluation.
Financial services industry > New Zealand > Evaluation.
Institutions financières > Nouvelle-Zélande > Évaluation.
Services financiers > Nouvelle-Zélande > Évaluation.
BUSINESS & ECONOMICS > Finance.
Financial institutions > Evaluation.
Financial services industry > Evaluation.
Crisis Management.
Payment Systems.
Capital Markets.
Financial Sector Assessment Program.
New Zealand.
Acceso en línea:Texto completo
Descripción
Sumario:This Technical Note assesses regulation and oversight of financial market infrastructures (FMIs) in New Zealand. The regulatory and oversight framework for FMIs in New Zealand is undergoing a major reform. The Reserve Bank of New Zealand and the Financial Markets Authority (FMA) currently lack sufficient legal powers to identify and address risks building up in FMIs, partly because the regime is voluntary and the authorities do not have the appropriate toolkit to pursue their oversight objectives. It is recommended that supervisory practices be formalized and staff resources increased. The role of the FMA should be further clarified.
Descripción Física:1 online resource (36 pages)
ISBN:9781484300237
1484300238
147559982X
9781475599824
ISSN:1934-7685 ;
1934-7685

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