Section 95 of the RBNZ Act gives the Reserve Bank the power to require a bank to provide us with a report by a Reserve Bankapproved, independent person. These reviews, the cost of which will be met by the banks themselves, are likely to investigate such issues as risk management, operational systems, and the nature of outsourcing.
But of course, market players are the ones who will have to build up and accept a “digital financial markets union” of this kind. 5 Conclusion Ladies and gentlemen Let me sum up my three key points today: First, I see the need to reform European monetary and economic union.