We co-ordinate our efforts and share intelligence with other government agencies to ensure our work is informed, proportionate and effective. Those agencies include: the Reserve Bank, Companies Office, Department of Internal Affairs, Commerce Commission, Serious Fraud Office and the Inland Revenue Department.
We regularly liaise with co-regulators in New Zealand, including formal quarterly meetings of the Council of Financial Regulators and we are party to the Financial Markets Regulatory System Charter. We also work with New Zealand's frontline regulators and supervisors and oversee their monitoring of other participants.
We work with the Australian Securities and Investments Commission (ASIC) to streamline trans-Tasman regulation, to reduce compliance costs and facilitate opportunities for New Zealand investors.
We are also a member of the Trans-Tasman Council on Banking Supervision, set up by the Australian Treasurer and New Zealand Minister of Finance. This was to encourage a joint approach to trans-Tasman banking supervision; promote and review crisis preparedness and enhance policy harmonisation, mutual recognition and trans-Tasman cooperation.
We also contribute to the development of international standards for financial market regulation, and are members of IOSCO - the International Organisation of Securities Commissions.
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