requirements for different groups of deposit takers determined by their size and nature of business. this provides us with scope to ensure these different groups have a minimum level of resilience appropriate for their characteristics, while have also having regard for how our decisions can influence competition, innovation, efficiency and inclusion. a practical example is that we are consulting on the _ _ _ _ _ _ _ _ _ _ _ _ reserve bank of new zealand. ( 2018 ). te ohanga maori – the maori economy 2018. reserve bank of new zealand. https : / / www. rbnz. govt. nz / hub / research / additional - research / teohanga - maori - - - the - maori - economy - 2018 resilience as a pathway to prosperity unclassified unclassified minimum amount of capital to hold as a deposit taker, which is a potential barrier to new entrants. our strategic themes 2030 those are just a few examples from our role as a prudential regulator. however, many of these same principles apply more broadly to our role as a central bank, particularly as we seek to adapt to our changing economy and society. this work includes enhancing the cash system, exploring the launch of a central bank digital currency ( cbdc ), and considering whether to open access to settlement accounts more widely to non - bank deposit takers and other fintechs. of course, these enabling characteristics of the financial system do not exist in isolation of each other. for example, a competitive and efficient financial system cannot exist in a sustainable way in the absence of resilience. these features of a well - functioning financial system all interact and enable each other over a long - term horizon. reflecting this, in pursuing our operational objectives as a central bank and prudential regulator, our strategic themes highlight these areas of focus, as we look to the future and our contribution to a productive and sustainable economy. as outlined in our statement of intent 7, our strategic themes are : promoting trust and confidence, improving resilience, strengthening efficiency and competition, increasing participation in the financial system, leveraging data, information and technology, putting people front and centre. _ _ _ _ _ _ _ _ _ _ _ _ reserve bank of new zealand. ( 2024 ). statement of intent 2024 – 2028. reserve bank of new zealand. https : / / www. rbnz. govt. nz / / media / project / sites / rbnz / files / publications /

the financial system that could result from problems with an fmi, an operator of an fmi, or a participant of an fmi that threaten the stability of, or confidence in, the whole or a significant part of the financial system ; and c. promote the confident and informed participation of businesses, investors, and consumers in the financial markets ; and d. promote and facilitate the development of fair, efficient, and transparent financial markets. resilience as a pathway to prosperity unclassified unclassified 2. those purposes are to be achieved by — a. establishing a system for designating systemically important fmis and fmis that apply for designation ; and b. imposing regulatory requirements on designated fmis ; and c. providing for the supervision of compliance with those requirements by the reserve bank of new zealand and the financial markets authority ( acting as the regulator ) ; and d. conferring certain powers on the regulator to gather information ; and e. conferring certain powers on the regulator to act in respect of distressed fmis. 3. see also section 77 ( which sets out the purposes for which the regulator ’ s powers under part 4 may be exercised ). resilience as a pathway to prosperity unclassified unclassified appendix b – definitions of financial stability across the world bank of korea [UNK] europe central bank ( ecb ) [UNK] “ financial system stability refers to a state in which the financial system functions properly, and participants, such as firms and individuals, have confidence in the system. ” deutsch bundesbank [UNK] “ financial stability is a key prerequisite for the functioning of a national economy and for the effective implementation of monetary policy. a stable financial system can be defined as a system whose individual components — financial intermediaries and the financial market infrastructure — fulfil their respective functions and prove resistant to potential shocks. ” bank of japan [UNK] “ a stable financial system is one in which financial intermediaries, markets and market infrastructure facilitate the smooth flow of funds between savers and investors and, by doing so, help promote growth in economic activity. ” swiss national bank [UNK] “ a stable financial system is one that has sufficient resilience to be able to facilitate and supply vital services by financial institutions, markets and market infrastructure to households and businesses, in a manner that absorbs rather than amplifies shocks. ” reserve bank of australia ( in line with the australia ’ s council of financial regulators ) [UNK] “ a financial system is considered stable when