Regulatory Alerts2025-08-03
Update Depositor Compensation Scheme Implementation
The Reserve Bank of New Zealand informs the Minister of Finance that the Depositor Compensation Scheme is operationally ready for its 1 July 2025 launch, with core systems tested and an independent quality assurance report confirming high confidence in execution. While baseline functionality is established, the Bank estimates a minimum six-week processing time for payouts due to data maturity and account onboarding requirements, though post-launch improvements are planned to reduce these delays. The Reserve Bank is coordinating public communications to manage expectations, finalizing funding and legislative reporting arrangements with Treasury, and strengthening relationships with international counterparts and domestic insolvency practitioners.