The recent Cyclone Gabrielle and Auckland Anniversary Weekend Floods highlighted several key challenges for financial mentors and their client’s ability to access the monetary system. The barriers to access created flow-on effects for the ability of whānau to access essentials during weather emergencies.
FinCap welcomes the opportunity to submit on the Consultation Paper for managing climate-related risks (Consultation Paper). Within the work to develop guidance for managing risk for entities that RBNZ regulates the risks to those that the entities serve should also be considered. FinCap is therefore submitting to highlight the issues that financial mentors raised throughout the recent weather events for those that rely on RBNZ-regulated entities.