Cover IMF Staff Country Reports
New Zealand: Financial Sector Assessment Program: Technical Note-Contingency Planning and Crisis Management Framework
Author: International Monetary Fund. Monetary and Capital Markets Department
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 116
Language:
English
Publication Date:
10 May 2017
DOI:
https://doi.org/10.5089/9781475599848.002
ISBN:
9781475599848
ISSN:
1934-7685
Pages:
33
Keywords:
ISCR; CR; public funds; bank creditor recapitalization; bridge bank option; annual testing; liquidity facility; parent bank; Deposit insurance; Bank resolution framework; Global financial crisis of 2008-2009; Crisis management framework; Insurance companies; Global
Download PDF (965.4 KB) Download Epub
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.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund