Our dual aims are to maintain the capacity to protect the New Zealand financial system on a stand-alone basis, while also building the framework for closer coordination between the host and home authorities. Let me highlight the key features of both aspects of this approach. Our supervisory tools are similar to those of a home supervisor.
If they succeed, this will result in an economic environment more conducive to robust, sustainable and inclusive growth. The task is not an easy one: we need vision and knowledge, courage and solid efforts to better understand the complexities of the real world.