Sunday , December 5 2021
Home / Amol Agrawal: Mostly Economics / Māori leaders from the banking sector have established the first Māori Bankers Rōpū (group)

Māori leaders from the banking sector have established the first Māori Bankers Rōpū (group)

Summary:
Reserve Bank of NZ has been taking several initiatives to include the local Maori community in monetary and banking policies. So much so, the central bank communicates increasingly in the local language. In one such development, the central bank informs that Maori leaders have taken another initiative to promote banking in the community: Māori leaders from the banking sector have established the first Māori Bankers Rōpū (group), known as Tāwhia, to share ideas and deepen the understanding of key issues for Māori within the banking sector. The Rōpū includes senior representatives from ASB, Westpac, ANZ, BNZ, Kiwibank, Heartland and the Reserve Bank of New Zealand – Te Pūtea Matua – as an observer and kaitiaki to the financial system.  “We’re proud to stand alongside other leaders from

Topics:
Amol Agrawal considers the following as important: , ,

This could be interesting, too:

Amol Agrawal writes Quantitative easing and corporate innovation

Amol Agrawal writes 175th anniversary of the Banco de Portugal

Amol Agrawal writes Cryptocurrency Bill: What happens when RBI issues a digital currency?

Amol Agrawal writes Central Banks/financial regulators to validate AI/ML software used in finance?

Reserve Bank of NZ has been taking several initiatives to include the local Maori community in monetary and banking policies. So much so, the central bank communicates increasingly in the local language.

In one such development, the central bank informs that Maori leaders have taken another initiative to promote banking in the community:

Māori leaders from the banking sector have established the first Māori Bankers Rōpū (group), known as Tāwhia, to share ideas and deepen the understanding of key issues for Māori within the banking sector.

The Rōpū includes senior representatives from ASB, Westpac, ANZ, BNZ, Kiwibank, Heartland and the Reserve Bank of New Zealand – Te Pūtea Matua – as an observer and kaitiaki to the financial system.

 “We’re proud to stand alongside other leaders from the banking industry, as they come together to help deliver and promote outcomes centred on Māori financial inclusion and wellbeing,” says Te Pūtea Matua Governor Adrian Orr.

“At Te Pūtea Matua, we recognise that Te Ao Māori is integral to Aotearoa New Zealand and we’re proud to support this Rōpū and its kaupapa (vision and opportunities).”

Many banking industry participants have adopted their own Te Ao Māori initiatives, and the sector is working towards a more collective response. The Rōpū is grounded in the traditional tikanga of building a whare (traditional houses) by the collective, for the benefit of all.

Rōpū members have highlighted three key focus areas – bolstering access to capital, improving financial literacy for Māori and Māori employment in the banking sector.

“Our leadership team and staff at Te Pūtea Matua look forward to working with the Rōpū and providing our support and expertise, which will in turn benefit the banking sector, Māori customers and Aotearoa.”

Interesting to note how a modern central bank such as RBNZ is trying to balance modernity with protecting heritage.

Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

Leave a Reply

Your email address will not be published. Required fields are marked *