An example of this is the financial strength Dashboard providing more meaningful information about New Zealand’s banking business and its relative risks.21 But, we need to take a broader approach, working with other agencies, to improve financial literacy and improve participation and inclusion in New Zealand’s financial system.
A key area we are advancing is the relevance and effectiveness of the Council of Financial Regulators (CoFR).22 This cross-agency forum is committed to developing a collective view on longer-term priorities for our financial system and deliver collaborative solutions.