The Banking Forum is a sub-committee of the Council of Financial Regulators. It coordinates the work of several government agencies that regulate banks. The permanent members of the Council of Financial Regulators are the permanent members of the Banking Forum. The Ministry of Justice and the Inland Revenue Department are associate members.
Terms of reference for the banking forum (PDF 18KB)
The Insurance Forum is another sub-committee of the Council of Financial Regulators, which was established in October 2021. The forum meets quarterly and aims to contribute to the efficiency and coordination of insurance sector regulation by providing a space to discuss risks, issues and on-going and up-coming regulatory matters relating to licensed insurers. The permanent members of the Insurance Forum are: Reserve Bank of New Zealand (RBNZ); The Treasury; Commerce Commission; Financial Markets Authority (FMA); Ministry of Business, Innovation and Employment (MBIE); Financial Services Council (FSC); Insurance Council of New Zealand (ICNZ); Financial Services Federation (FSF); and the Earthquake Commission (EQC).
Terms of reference for the insurance forum (PDF 291KB)
The Monitoring Forum is the third sub-committee of the Council of Financial Regulators, established in June 2022. The purpose of the Forum is to promote regulatory efficiency through the greater sharing of information and monitoring insights; co-ordination and prioritisation of monitoring activities; and the consistent implementation of statutory objectives. Its members consist of Reserve Bank of New Zealand (RBNZ); Commerce Commission; and the Financial Markets Authority (FMA).