Donald T Brash: Promoting financial stability: the New Zealand approach Address by Dr Donald T Brash, Governor of the Reserve Bank of New Zealand, to the Conference for Commonwealth Central Banks on Corporate Governance for the Banking Sector, London, 6 June 2001. *  *  *  Introduction It is a great pleasure to have the opportunity to speak to you today.
However, the task of protecting personal data is outside the remit of the Group’s oversight function, since it is unrelated to the functioning of market infrastructure and financial stability. If the Oversight Group were to assume this task, it would conflict with the competences assigned by the Data Protection Directive to national and EU data protection authorities.