To make sure financial turbulences do not knock the monetary union off course, resolution regimes should be strengthened so that banks do not hold each other’s loss-absorbing liabilities. And to further strengthen banks’ equity buffers, the preferential tax treatment of liabilities should be abolished. Thank you for your attention.
We aim to reflect the Treaty principles of partnership, protection, and participation within the core tenants of our strategy. We seek to implement our legislated purpose through the concept of Matangirua ki Matangireia – working in unison, to fulfil our ultimate purpose. At Te Pūtea Matua, we strive to be a great team working to be the best central bank we can.