Objectives and responsibilities

Our objectives

The function of the Council is to facilitate co-operation and co-ordination between members to support effective and responsive regulation of the financial system in New Zealand.

Our main objectives are to:

  • Identify and monitor important issues, risks and gaps in the financial system that may impinge upon achievement of member agencies’ regulatory objectives
  • Develop a collective view on longer-term, strategic priorities for the financial system
  • Agree on collaborative responses to issues requiring cross-agency involvement and put in place appropriate channels to deliver them.

Responsibilities and relationships

Our vision and activities operate within each agency’s framework of statutory responsibilities and the Government’s preferences and priorities.

Our Relationship Charter sets out how our members work together to deliver the CoFR vision.

Our members may formalise their bilateral working relationships through appropriate means such as a Memorandum of Understanding.

Read more about our Relationship Charter and Regulatory Charter in Ngā tuhinga matua – key documents