New Zealand Financial Sector Assessment Program: Technical Note-Contingency Planning and Crisis Management Framework

This Technical Note assesses the level of implementation of the Contingency Planning and Crisis Management Framework in New Zealand. Work has already begun to identify necessary resources, such as rosters of potential statutory managers and personnel from government agencies and the private sector w...

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Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2017
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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300 |a 33 pages 
651 4 |a New Zealand 
653 |a Insurance companies 
653 |a Economic & financial crises & disasters 
653 |a Depository Institutions 
653 |a Institutional Investors 
653 |a Pension Funds 
653 |a Banks 
653 |a Finance 
653 |a Bank resolution framework 
653 |a Financial crises 
653 |a Industries: Financial Services 
653 |a Banks and banking 
653 |a Financial institutions 
653 |a Financial Instruments 
653 |a Micro Finance Institutions 
653 |a Deposit insurance 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Crisis management 
653 |a Mortgages 
653 |a Crisis management framework 
653 |a Global Financial Crisis, 2008-2009 
653 |a Non-bank Financial Institutions 
653 |a Global financial crisis of 2008-2009 
653 |a Banks and Banking 
653 |a Macroeconomics 
653 |a Banking 
653 |a Financial Risk Management 
653 |a Financial Crises 
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520 |a This Technical Note assesses the level of implementation of the Contingency Planning and Crisis Management Framework in New Zealand. Work has already begun to identify necessary resources, such as rosters of potential statutory managers and personnel from government agencies and the private sector who could be mobilized to deal with a crisis. This work needs to be further developed. In parallel, the Reserve Bank of New Zealand should continue to document the procedure for appointment of a statutory manager, open bank resolution, and other resolution options. The Treasury should complete “shelf” agreements, which may be required for a Crown guarantee or other support in a crisis