Regulatory Alerts2022-05-17
Review of the Credit Rating Exemption Threshold for Non-bank Deposit Takers
The Reserve Bank of New Zealand invites submissions on a proposed review of the credit rating exemption threshold for Non-bank Deposit Takers (NBDTs). The consultation evaluates whether to maintain the current $20 million liability threshold or increase it to $25 million or $40 million, potentially coupled with higher capital requirements. The Bank seeks to balance the costs of credit ratings against the need for market discipline and financial system soundness.
Share