New Zealand: Financial Sector Assessment Program: Technical Note-Contingency Planning and Crisis Management Framework
Electronic Access:
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Summary:
This Technical Note assesses the level of implementation of the Contingency Planning and Crisis Management Framework in New Zealand. Work has already begun to identify necessary resources, such as rosters of potential statutory managers and personnel from government agencies and the private sector who could be mobilized to deal with a crisis. This work needs to be further developed. In parallel, the Reserve Bank of New Zealand should continue to document the procedure for appointment of a statutory manager, open bank resolution, and other resolution options. The Treasury should complete “shelf” agreements, which may be required for a Crown guarantee or other support in a crisis.
Series:
Country Report No. 2017/116
Subject:
Bank resolution framework Banking Crisis management framework Deposit insurance Financial crises Financial institutions Global financial crisis of 2008-2009 Insurance companies
English
Publication Date:
May 10, 2017
ISBN/ISSN:
9781475599848/1934-7685
Stock No:
1NZLEA2017004
Pages:
33
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