***  Introduction Tn koutou katoa It is again a privilege to be here with you today – alongside other members of the Executive Leadership Team – to report on the Reserve Bank of New Zealand's activities for the 2021/2022 financial year. With me at the table are Greg Smith and Juliet Tainui-Hernandez, Assistant Governors of Finance and People respectively.
Stability and functioning of the financial system It has become a shared recognition on a global basis that, to avert the reemergence of a financial crisis, it is important to analyze and assess the risks in the entire financial system as well as to take adequate measures to prevent systemic risk from manifesting itself. It is the so-called emphasis on a macroprudential perspective.