WebSep 7, 2024 · The RBNZ's regular reviews of Official Cash Rates also have economy-wide ... to delegate prudential regulatory powers back to the Governor. But the new governance arrangements mean that for any powers the board chooses to delegate, the Governor is now accountable to the board for their exercise. To perform their tasks well ... WebDec 2, 2024 · The independent report into Westpac New Zealand’s risk governance practices provides some useful reminders for all boards. The Risk Governance Review report, a Section 95 Review of Westpac New Zealand by consultancy firm Oliver Wyman, has again highlighted the importance of the board leading a strong risk governance and risk culture. …
Should ESG reporting be made mandatory? - Central Banking
WebThe Reserve Bank of New Zealand (RBNZ) is recommending a number of areas for improvement to make the Appointed Actuary role more effective, arising out of its just completed thematic review of Appointed Actuaries under the Insurance (Prudential Supervision) Act (IPSA). photocraft wheeled encoder
Corporate governance policy for banks - New Zealand pound
WebApr 12, 2024 · The Reserve Bank of New Zealand (RBNZ) said on Tuesday it was expanding its regulatory resources with a new standalone enforcement department focusing on compliance in the banking, insurance and ... WebJul 18, 2024 · The Reserve Bank of New Zealand’s (RBNZ’s) Guidance on Cyber Resilience (referred to as “Guidance” in this post) acknowledges the benefits of RBNZ-regulated financial services companies in New Zealand (NZ) moving to the cloud, as long as this transition is managed prudently—in other words, as long as entities understand the risks … The review will focus on boards of regulated entities and their ability to effectively govern and provide oversight. The RBNZ and FMA expect their regulated entities to have effective boards that make sound judgements in the best interest of the entity and in the interest of key stakeholders. This will be an exploratory … See more The main objectives of the thematic review are to: 1. understand and gain insights into the structure, processes and operational practices of boards 2. identify and promote effective … See more The thematic review will comprise of offsite and onsite phases. The offsite phase will involve reviews of questionnaires and … See more The sample for the thematic review comprises of 29 entities from across four sectors: banking, insurance, non-bank deposit taking and investment management sectors. … See more Once the thematic review is completed, we will provide specific feedback to each entity that participated in the review and publish a joint thematic report. This report will not identify … See more how does the moneyline work in sports betting