Browser issue
It looks like the browser you're using doesn’t work well with our website. For a better experience, please update to the latest version of
Chrome
,
Edge
,
Firefox
or
Safari
.
News
RBNZ outlines priorities for a resilient and enabling financial system
Assistant Governor Financial Stability Angus McGregor highlighted the importance of financial stability and outlined priorities shaping our prudential regulation approach in remarks delivered today at the Financial Services Council Conference.
Published:
13 August 2026
Financial stability creates a foundation for New Zealand’s economic success, Mr McGregor said.
“Financial stability is about ensuring financial institutions can keep supporting households, businesses and the wider economy through both normal times and periods of stress. When the system is stable, New Zealanders can save, borrow, invest, insure against risk, and make long-term decisions with confidence,” he said.
When it comes to the Reserve Bank’s prudential regulation approach, Mr McGregor underscored the importance of building and maintaining a fit-for-purpose regulatory regime, and taking a forward-looking and system-wide approach to enabling financial stability.
“A fit-for-purpose regime means regulation and supervision that are proportionate, risk-based, evidence-informed and future-proofed. It also means being disciplined about minimising unnecessary burden on firms and on the system, while remaining clear about the outcomes we need to achieve for financial stability,” he explained.
Mr McGregor noted that the Reserve Bank is continuing to strengthen its forward-looking and system-wide approach to ensure regulation remains relevant in a changing world.
He cited the implementation of the Deposit Takers Act and the review of the Insurance (Prudential Supervision) Act as examples. These highlight the Reserve Bank’s commitment to building more risk-based and future-focused regulatory frameworks that enable a resilient financial sector for New Zealanders.
Mr McGregor also acknowledged the importance of constructive relationships while maintaining the Reserve Bank’s role as a credible and effective supervisor.
“Strong relationships help us do that job better. They allow issues to be raised earlier, risks to be better understood and openly discussed, and supervisory action, where needed, to be better targeted and more effective.”
“Ultimately, our shared goal is a financial system that is resilient, competitive, innovative, and trusted by New Zealanders. Working together is critical to achieving that goal,” he concluded.
Read the remarks
Media contact
Jericah Gurango
Engagement Advisor
[email protected]