Regulatory Alerts2022-05-17
Reserve Bank of New Zealand Bank Registration Information and Guidance
The Reserve Bank of New Zealand issues this document to provide guidance on the policies, processes, and legal requirements for registering as a bank under the Reserve Bank of New Zealand Act 1989. It outlines the statutory criteria for registration, including minimum capital of $30 million, specific capital adequacy and liquidity ratios, and qualitative assessments of management suitability and corporate governance. The text details the formal application procedure, associated fees, and ongoing obligations such as quarterly disclosure statements and adherence to prudential supervision standards.
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