RBNZ publishes new FMI regulation bill
Proposal would enhance central bank’s ability to hold market participants to binding standards
The Reserve Bank of New Zealand published a draft financial market infrastructures (FMI) bill and opened a public consultation about it on August 1.
The proposal would enhance the regulatory powers New Zealand’s central bank has over participants including payment providers, clearing houses and operators and users of the nation’s financial infrastructure.
The RBNZ stressed the importance of counting on a solid framework for the supervision and regulation of these actors, in order to secure a
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