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Reserve Bank of New Zealand Act 2021

Central bank functions - Financial stability reports

169: Purposes of financial stability report

You could also call this:

"What the Reserve Bank's financial stability report is about"

Illustration for Reserve Bank of New Zealand Act 2021

The Reserve Bank of New Zealand writes a financial stability report. You can read this report to learn about New Zealand's financial system. The report tells you about the stability of New Zealand's financial system and other related matters. It also looks at risks to the financial system. The report helps you understand how well the Bank is using its powers. You can see if the Bank is protecting and promoting the stability of New Zealand's financial system. The Bank has an objective to act in a way that helps achieve the purposes of the prudential legislation, as stated in section 9(3). This means the Bank works to further the objectives of the laws related to prudential matters.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS294919.

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170: Financial stability reports, or

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

Part 3Central bank functions
Financial stability reports

169Purposes of financial stability report

  1. The purposes of a financial stability report are to—

  2. provide publicly accessible information about the following matters to promote public awareness and understanding of those matters:
    1. the stability of New Zealand’s financial system:
      1. other matters associated with the Bank’s prudential objective; and
      2. identify and report on risks to the stability of New Zealand’s financial system; and
        1. allow assessments 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. In this subpart, prudential objective means the Bank’s objective under section 9(3) to act in a way that furthers the objectives or purposes of the prudential legislation.

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