The Reserve Bank has also identified that it needs greater investment in order to address the critical risk to both the bank itself and the New Zealand economy over the coming years. As has been noted, this is a period of unprecedented change in the New Zealand economy, leading to an increase in risk and uncertainty, and—with your forbearance, Madam Speaker—I'd like to quote the Reserve Bank Governor. He said, "it is a substantial and important increase, which means the Bank can address the critical risks to delivering its mandate, respond to areas of past underinvestment, and establish a long-term model to promote the wellbeing of New Zealand. The bulk of this increased spending will focus on expanding and enhancing the Bank's core activities, particularly investing in financial supervisory and enforcement capability, as recommended by the [IMF]." 