BIS central bankers’ speeches  1  iii)  Important checks and balances  The checks and balances and accountability mechanisms relating to the Bank are considerable and include: •  Publication of an annual report, at least two Monetary Policy Statements (we do four), and two semi-annual Financial Stability Reports.
The Bank’s reports are reviewed by Parliament’s Finance and Expenditure Committee, the Board of Directors of the Reserve Bank, and the Bank provides press conferences around each Monetary Policy Statement and Financial Stability Report.