Regulatory Alerts2022-05-17
Reserve Bank of New Zealand Statement of Principles on Bank Registration and Supervision
The Reserve Bank of New Zealand issued this document to establish the principles governing the registration and prudential supervision of banks under the Reserve Bank of New Zealand Act 1989. It mandates that systemically important banks with New Zealand liabilities exceeding NZD 15 billion must incorporate locally, while retail deposit takers from jurisdictions with inadequate disclosure or preferential creditor claims are similarly restricted. The framework further outlines requirements for capital adequacy, ownership structures, director responsibilities, and crisis management powers to maintain financial system stability.
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