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  1. #16
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    Quote Originally Posted by winner69 View Post
    Question still unanswered is why is Orr even getting involved and asking for them to prove they don’t have a bad culture in NZ

    Orr (or RBNZ) banking supervision powers are about the maintenance of a “sound and efficient” financial system .......not about market conduct.



    One goes with the other, cant you see the connection.

  2. #17
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    Our vision and values

    Our purpose, vision and values

    The Reserve Bank's purpose is to promote a sound, efficient and dynamic monetary and financial system. It seeks to achieve its vision - of being the best small central bank - with values of:
    Integrity: Being professional and exercising sound judgement.
    Innovation: Actively improving what we do.
    Inclusion: Working together for a more effective Bank.
    The Bank aims to develop and implement highly effective and efficient monetary, regulatory and financial policies that are well suited for the New Zealand economy and financial system. It endeavours to ensure that: the Bank’s objectives and priorities are sound, clearly communicated and understood; its business operations are well managed; and it invests wisely in the recruitment, training, development and retention of its staff. The Bank also invests heavily in reviewing and testing its policy frameworks and policy settings in light of domestic and international experience, and ensures that its independence is balanced by appropriate public disclosure and accountability.

  3. #18
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    Spot on, Jt!

    Let's not jump to any conclusions about the new governor. I find his communication "openness" to be rather refreshing - no tweets though, thank you!

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