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RBNZ: Consults on new laws to safeguard the plumbing of the financial system

RBNZ: Consults on new laws to safeguard the plumbing of the financial system

  • RBNZ is New Zealand’s central bank. The Bank has main functions operating monetary policy to maintain price stability
  • Groups with an interest in the financial market transactions and payments are being asked for their views
  • The Financial Market Infrastructure Act became law in May 2021
  • The new Act governs Financial Market Infrastructures (FMIs) – a set of critical systems
  • These systems allow electronic payments and financial market transactions to occur
  • Like other important infrastructure, such as the electricity grid or the road system, FMIs are essential for the wellbeing of New Zealanders
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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