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Reserve Bank of New Zealand Act 2021

Central bank functions - Financial stability reports

170: Financial stability reports

You could also call this:

"Reports on how stable New Zealand's money system is"

Illustration for Reserve Bank of New Zealand Act 2021

The Reserve Bank of New Zealand must give a financial stability report to the Minister at least twice a year. You can find the report on the Bank's website. The report talks about how stable New Zealand's financial system is. The report must cover things like the stability of New Zealand's financial system and other matters related to the Bank's goals. It must also have information that helps assess how well the Bank is using its powers. The Minister must show the report to the House of Representatives as soon as possible after getting it, which you can learn more about by visiting the related legislation. The Bank's powers are used to protect and promote the stability of New Zealand's financial system. The report helps make sure the Bank is doing its job well.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287215.

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Topics:
Money and consumer rights > TaxesMoney and consumer rights > Banking and loans
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Part 3Central bank functions
Financial stability reports

170Financial stability reports

  1. The Bank must, not less than twice in every calendar year,—

  2. deliver a financial stability report to the Minister; and
    1. publish the report on an Internet site maintained by, or on behalf of, the Bank.

      1. A financial stability report must—

      2. report on matters relating to—
        1. the stability of New Zealand’s financial system; and
          1. other matters associated with the Bank’s prudential objective; and
          2. contain the information that is necessary or desirable to allow an assessment to be made of the effectiveness of the Bank’s use of its powers to—
            1. protect and promote the stability of New Zealand’s financial system; and
              1. achieve the prudential objective.

              2. The Minister must present the report to the House of Representatives as soon as practicable after receiving it.

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