Regulatory Alerts2021-06-16
Reserve Bank of New Zealand Letter on Banking Prudential Requirements Publication
The Reserve Bank of New Zealand has published the final Banking Prudential Requirements (BPRs), which implement the December 2019 Capital Review decisions and take effect on 1 October 2021. The letter outlines a transitional process allowing banks to issue Tier 2 instruments under new rules before the effective date, accompanied by draft changes to Conditions of Registration for comment. Future work includes further consultations on operational risk, countercyclical buffers, and various capital definition topics throughout 2022.
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