Regulatory Alerts2023-01-23
Reserve Bank of New Zealand Review of Connected Exposures Policy BS8 Consultation Submissions
The Reserve Bank of New Zealand received submissions from major banking entities and industry associations regarding its review of the Connected Exposures Policy (BS8). Industry participants, including the New Zealand Bankers’ Association and ASB Bank, generally support proposed changes to align with international standards and reduce ambiguity, particularly advocating for the removal of gross exposure limits. Submitters also requested greater clarity on the definition of connected persons, interbank exposure treatments, and the implementation timeline relative to the Deposit Takers Act.
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