The aim of the policy is to strengthen the resilience of  6  6  Auckland is defined as the area of the Super City, extending from Rodney to Franklin. BIS central bankers’ speeches  banks against an Auckland housing downturn, and to moderate the cyclical role of the large residential investor segment of the market.
These measures have helped our own banks remain robust in the face of the international credit problems and they retain a strong shock absorption capacity to deal with risks that have emerged. I would now like to hand-over to Patrick Neary, who will deal more specifically with the role played by the Financial Regulator. 4  BIS Review 13/2008