Recent examples have been working with the FMA on the conduct and culture reviews of banks and life insurers; working on capital markets developments with NZX and MBIE; sharing performance and culture efforts with the Treasury; and working with the Productivity Commission on financial stability and dynamic efficient markets.
*  *  *  WSJ: The financial markets interpreted Thursday’s ECB decision to keep policy unchanged as suggesting the bar is high to additional stimulus. Is that an accurate assessment? The correct interpretation is: We’ll act if it is necessary. But there was no strong reason to act: Last week we, the Governing Council, found our baseline scenario broadly confirmed.