Story: Reserve Bank

Disclosure statement

Disclosure statement

In 1996 the Reserve Bank introduced a variant of prudential supervision based on disclosure and attestation. Each bank was required to disclose key information about its financial health to the public and the bank's directors had to attest to the disclosure statement's accuracy. This meant the Reserve Bank knew the directors were taking due care of banking matters. This is ASB's disclosure statement.

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ASB Bank

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How to cite this page:

John Singleton, 'Reserve Bank - Independence and supervision', Te Ara - the Encyclopedia of New Zealand, (accessed 20 August 2022)

Story by John Singleton, published 20 Jun 2012