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

May 10, 2017

Preview Citation

Format: Chicago

New Zealand: Financial Sector Assessment Program: Technical Note-Contingency Planning and Crisis Management Framework, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

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.

Subject: Bank resolution framework, Banking, Crisis management framework, Deposit insurance, Financial crises, Financial institutions, Global financial crisis of 2008-2009, Insurance companies

Keywords: Annual testing, Bank creditor recapitalization, Bank resolution framework, Bridge bank option, CR, Crisis management framework, Deposit insurance, Global, Global financial crisis of 2008-2009, Insurance companies, ISCR, Liquidity facility, Parent bank, Public funds

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/116
Stock No:

1NZLEA2017004
ISBN:

9781475599848
ISSN:

1934-7685

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