Our supervision of the financial system in Papua New Guinea, covering the banks, licensed financial institutions, the saving and loans societies, superannuation funds, life insurance companies and others are to ensure that they comply with the legislation requirements, world’s best practices and operational work ethics.
I want to assure you all that the Bank of Papua New Guinea will not shy away from implementing and fulfilling its mandated role of ensuring a sound and stable financial system for the people of Papua New Guinea and those who do business in the country.