The Council of Financial Regulators (CoFR) published its March quarterly statement outlining its 24 March meeting, where members assessed external factors that could affect New Zealand’s financial system and agreed to review the Council’s strategic focus and future work programme to support efficient, responsive regulation. Chaired by Financial Markets Authority Chief Executive Samantha Barrass, the meeting highlighted rapid developments in artificial intelligence and ongoing geopolitical uncertainty, and reviewed developments in New Zealand’s payments system, including the importance of upcoming legislative changes such as passage of the Customer and Products Data Bill.
Council of Financial Regulators (CoFR) 2025-04-04
New Zealand's Council of Financial Regulators agrees to review its strategic focus amid AI and payments system developments
The Council of Financial Regulators (CoFR) released its March quarterly statement detailing its 24 March meeting, where members evaluated external influences on New Zealand’s financial system and agreed to reassess the Council’s strategic focus and future work programme. Key topics included advancements in artificial intelligence, geopolitical uncertainty, and developments in New Zealand’s payments system, emphasizing the significance of the upcoming Customer and Products Data Bill.