It will bring about significant changes not only for banks and their stakeholders, but also for regulators and supervisors with functions being transferred from the national to the European level. 3. Financial sector reforms  Changes will also be made through financial sector reforms. The financial crisis has highlighted weaknesses in financial sector regulation.
It is a privilege to be asked to speak on how the Reserve Bank of New Zealand embraces our indigenous history and heritage, and applies a Te Ao Māori – or Māori world view – in what we do. We are recent adopters of this approach, so I must be humble in our experience and results so far.