The Reserve Bank of New Zealand will keep playing one IMF game by Kiwi rules, at least when it comes to methods on prudential supervision in banking.A recent IMF review listed many matters of non-compliance by the RBNZ with the world banker's utopian, post crisis guidelines. These jar with parochial matters on the southerner's side."It is not likely that any changes that may stem from the IMF review will result in full compliance with the Basel Core Principles for Effective Banking Supervision," the RBNZ baldly declared in an article in its Bulletin.The International Monetary Fund's latest Financial Sector Assessment Programme for New Zealand left a mammoth list of topics in its report made public in May this year.RBNZ protocol framed a dissenting program as "a timely opportunity to have the Reserve Bank's three-pillar approach to prudential supervision benchmarked against international standards."These changes included new liquidity standards in 2010, the adoption of the Basel II and III capital standards in 2007 and 2013 respectively, the RBNZ said.The Open Bank Resolution (OBR) policy - designed to minimise the damage to the financial system resulting from the failure of a large bank - keen Kiwis pushed on with that one.The Reserve Bank has a work program, one that has "increased the intensity of its supervisory approach ... in terms of degree of engagement with banks and improvements in supervisory analysis and data." It said it would "be paying particular attention to recommendations that support the functioning of its three-pillar framework, and in particular the way in which responsibility is placed on senior management and board directors of banks to ensure that they appropriately oversee and manage risks facing their institutions. "As an example, the Reserve Bank has initiated a thematic review of the bank attestation framework. The review is intended to assess the effectiveness of the New Zealand-incorporated registered banks' arrangements for quarterly disclosure statement attestations, and the processes that bank directors use to fulfil their obligations under sections of the Reserve Bank of New Zealand Act 1989. "The review includes a survey of bank directors, and interviews of directors, senior management and external/internal auditors."