The importance of market discipline in the Reserve Bank’s prudential regime

Cavan O’Connor-Close and Neroli Austin
Additional contact information
Neroli Austin: Reserve Bank of New Zealand, http://www.rbnz.govt.nz

Reserve Bank of New Zealand Bulletin, 2016, vol. 79, No 2, 15 pages

Abstract: The Reserve Bank’s prudential framework is based on a three pillar approach that relies on self-discipline from regulated entities, market discipline provided by market participants, and regulatory discipline. Since the global financial crisis, the regulatory pillar has been bolstered in line with international regulatory developments. This article discusses the role of market discipline in the current framework and its on-going importance to the Reserve Bank’s prudential regime.

Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.rbnz.govt.nz/-/media/ReserveBank/Files/ ... 2016/2016feb79-2.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nzb:nzbbul:feb2016:02

Access Statistics for this article

More articles in Reserve Bank of New Zealand Bulletin from Reserve Bank of New Zealand Contact information at EDIRC.
Bibliographic data for series maintained by Reserve Bank of New Zealand Knowledge Centre ().