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Outcomes of the Financial Sector Assessment Programme for New Zealand

  • Michael Gordon

    (Reserve Bank of New Zealand)

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    This article reviews the main findings from the recent assessment of the New Zealand financial system by the International Monetary Fund, under the Financial Sector Assessment Programme (FSAP). The FSAP assessment concluded that New Zealand's financial system is currently in a strong position and that the banking supervision framework is broadly in line with international standards. The FSAP report made recommendations in four key areas of banking supervision: on-site supervision, bank failure and distress management, disclosure of information and bank corporate governance. These recommendations are largely addressed by policies currently under development within the Reserve Bank.

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    Article provided by Reserve Bank of New Zealand in its journal Reserve Bank of New Zealand Bulletin.

    Volume (Year): 67 (2004)
    Issue (Month): (june)

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    Handle: RePEc:nzb:nzbbul:june2004:5
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    1. Dr Alan Bollard, 2003. "Corporate governance in the financial sector," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 66, June.
    2. Geof Mortlock, 2002. "Corporate governance in the financial sector," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 65, June.
    3. Dr Rod Carr, 2001. "Banking on capital punishment," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 64, June.
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