Christian Hawkesby: Resilience as a pathway to prosperity

Keynote speech by Mr Christian Hawkesby, Deputy Governor and General Manager of Financial Stability of the Reserve Bank of New Zealand, at the annual Financial Services Council Conference (FSC24), Auckland, 5 September 2024. 

The views expressed in this speech are those of the speaker and not the view of the BIS.

E nga mana, e nga reo. E nga karanga maha o te wa.
Tihei mauri ora!
(To all authorities, all voices, to the many chiefs gathered here. Behold the breath of life!)
E nga rangatira
Karanga mai
Mihi mai
Whakatau mai
Tena koutou katoa

(Thank you to the leadership of the Financial Services Council Conference who have called us here; who have welcomed us here; who have looked after us here. Thank you very much)

I want to acknowledge the recent passing of The Māori King, Kiingi Tuheitia Pootatau Te Wherowhero VII. Kiingi Tuheitia has been instrumental in advocating for Māori in uniting people through kotahitanga and will be sorely missed. I also want to thank him for his collaboration with Te Pūtea Matua on the history of Māori banking. I send my aroha to his whānau during this time.

It is a pleasure to speak to you today at the annual Financial Services Council Conference.

This is my third time joining you since becoming Deputy Governor and General Manager of Financial Stability. Thank you for continuing to invite me back! It is always a pleasure to discuss with you what's next for the Reserve Bank of New Zealand, Te Pūtea Matua.

The theme of this year's conference is Consumer Resilience and Prosperity.

Today I'd like to pick up this theme by discussing the role of the Reserve Bank as a central bank and prudential regulator, and how we think about financial stability.