01799cas a2200241 a 4500 AALejournalIMF017637 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475599824 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. New Zealand : Financial Sector Assessment Program: Technical Note-Regulation and Oversight of Financial Market Infrastructures. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (35 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Technical Note assesses regulation and oversight of financial market infrastructures (FMIs) in New Zealand. The regulatory and oversight framework for FMIs in New Zealand is undergoing a major reform. The Reserve Bank of New Zealand and the Financial Markets Authority (FMA) currently lack sufficient legal powers to identify and address risks building up in FMIs, partly because the regime is voluntary and the authorities do not have the appropriate toolkit to pursue their oversight objectives. It is recommended that supervisory practices be formalized and staff resources increased. The role of the FMA should be further clarified. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/115 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/115/002.2017.issue-115-en.xml IMF e-Library