A  16  Reserve Bank of New Zealand (2020k): Reserve Bank to begin Large Scale Asset Purchases. Ref #9122402 v2.12  13  continued absence of secondary market liquidity was creating a real risk that primary issuance in New Zealand’s debt capital market – a key channel of monetary policy – could be closed for a prolonged period.
In particular, its comprehensive approach to risk management and bank supervision ensures that capital regulation will remain a cornerstone of safety and soundness for banking in the twenty-first century. In the same vein, Basel II will enhance banks’ safety and soundness, thereby strengthening the stability of the financial system as a whole.