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Outcomes of the Financial Sector Assessment Programme for New Zealand

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  • Michael Gordon

    (Reserve Bank of New Zealand)

Abstract

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.

Suggested Citation

  • Michael Gordon, 2004. "Outcomes of the Financial Sector Assessment Programme for New Zealand," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 67, june.
  • Handle: RePEc:nzb:nzbbul:june2004:5
    as

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    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2004/2004june67-2gordon.pdf
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    References listed on IDEAS

    as
    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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    Cited by:

    1. Chris Hunt, 2016. "The 2016 New Zealand Financial Sector Assessment Programme (FSAP)," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 79, pages 1-17, April.

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