Regulatory Alerts2022-05-17
Draft Reserve Bank Risk Management Guidelines for Non-Bank Deposit Takers
The Reserve Bank of New Zealand issued draft guidelines requiring non-bank deposit takers to establish comprehensive risk management programmes under section 157M of the Reserve Bank Act 1989. These programmes must formally address credit, liquidity, market, and operational risks while defining clear roles for governing bodies and senior management. The document mandates that deposit takers implement appropriate controls, contingency plans, and regular review processes tailored to their specific size and business nature.
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