ADRIAN ORR our NEW RBNZ GOVERNOR

[kiora]

"Competition, oddities and RBNZ's conspicuous no-show"
"Jenny Ruth's Just the Business"

https://substack.com/@justthebusines...m_medium=email


"The Reserve Bank was conspicuous by its absence at the first day of the Commerce Commission's conference on competition in personal banking services.

That's even though the subjects for discussion included the impact of RBNZ's prudential regulation on competition and concerns about the impact of the deposit insurance scheme once it comes into effect.

The importance the major banks place on the commission's study of banking competition was highlighted by the fact that all four chief executives of the four major banks were present at the conference.

That made RBNZ's absence all the more conspicuous.

Of course, RBNZ had already published its reaction to ComCom's draft report, basically rejecting everything ComCom had to say about the regulatory barriers to competition.

That could be, and has been, characterised as RBNZ's contempt for the commission's inquiry..."

[winner69]

Adrian needs help ….good lurk this job ….few hundred thousand? One pre-requisite is the ability to translate / talk what is almost a foreign language they use.

Statement from a spokesperson for the Reserve Bank of New Zealand regarding the role of Principal DE&I Advisor which they are currently recruiting for via an agency. The role is not being publicly advertised.

"We are currently recruiting for the role of Principal Diversity, Equity & Inclusion (DE&I) Advisor. The Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) is New Zealand’s central bank and we are tasked with promoting the prosperity and wellbeing of all New Zealanders and contributing to a sustainable and productive economy.

Globally, and within Aotearoa New Zealand, financial inclusion is increasingly recognised as an important feature of a modern financial system that supports efficiency, prosperity, resilience and wellbeing. We see an inclusive financial system as one in which all New Zealanders have reasonable access to financial products and services that meet their needs.

Diversity, equity and inclusion are a critical part of our strategic approach and key to achieving our vision of being a ‘Great Team, Best Central Bank’. It means broadening our workforce, our approach to stakeholder engagement, and our policy knowledge to become a more inclusive, effective, and innovative central bank.

The Bank’s Diversity, Equity and Inclusion Strategy is key to enhancing and unlocking the potential of our people, our policies, and the economic well-being of all New Zealanders. By broadening our talent pool to include people with range of perspectives, experiences and abilities we are able to create the intellectual capability to dig deep into complex issues and adopt a wider lens to research, advice, and how we approach problems.

The other benefits of diversity, equity inclusion strategies within organisations are well documented and include enhanced decision-making, risk mitigation, innovation. This work is in line with central banks globally and our modernised legislation, our commitments as set out in our Te Tiriti o Waitangi Statement, and in step with public and private stakeholders who also have an important role to play in building a more inclusive financial system."

[jonu]

Adrian needs help ….good lurk this job ….few hundred thousand? One pre-requisite is the ability to translate / talk what is almost a foreign language they use.

Statement from a spokesperson for the Reserve Bank of New Zealand regarding the role of Principal DE&I Advisor which they are currently recruiting for via an agency. The role is not being publicly advertised.

"We are currently recruiting for the role of Principal Diversity, Equity & Inclusion (DE&I) Advisor. The Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) is New Zealand’s central bank and we are tasked with promoting the prosperity and wellbeing of all New Zealanders and contributing to a sustainable and productive economy.

Globally, and within Aotearoa New Zealand, financial inclusion is increasingly recognised as an important feature of a modern financial system that supports efficiency, prosperity, resilience and wellbeing. We see an inclusive financial system as one in which all New Zealanders have reasonable access to financial products and services that meet their needs.

Diversity, equity and inclusion are a critical part of our strategic approach and key to achieving our vision of being a ‘Great Team, Best Central Bank’. It means broadening our workforce, our approach to stakeholder engagement, and our policy knowledge to become a more inclusive, effective, and innovative central bank.

The Bank’s Diversity, Equity and Inclusion Strategy is key to enhancing and unlocking the potential of our people, our policies, and the economic well-being of all New Zealanders. By broadening our talent pool to include people with range of perspectives, experiences and abilities we are able to create the intellectual capability to dig deep into complex issues and adopt a wider lens to research, advice, and how we approach problems.

The other benefits of diversity, equity inclusion strategies within organisations are well documented and include enhanced decision-making, risk mitigation, innovation. This work is in line with central banks globally and our modernised legislation, our commitments as set out in our Te Tiriti o Waitangi Statement, and in step with public and private stakeholders who also have an important role to play in building a more inclusive financial system."

Pretty much sums up why Orr's performance as RBNZ Gov has been so dire. Go woke go broke.

This little gem is extraordinary. " Te Pūtea Matua (RBNZ) is New Zealand’s central bank and we are tasked with promoting the prosperity and wellbeing of all New Zealanders"

No, Adrian. The RBNZ's primary tasks are set out on your own website. Do those with some competency for crying out loud!