Regulatory Alerts2022-05-17
Regulatory Stocktake of the Prudential Requirements Applying to Registered Banks
The Reserve Bank of New Zealand issued this consultation document to gather feedback on proposed changes to the prudential regulatory framework for registered banks and non-bank deposit takers. Key proposals include restructuring the Banking Supervision Handbook to improve clarity and accessibility, and evaluating options to scale back or remove off-quarter disclosure statements to reduce compliance costs. The review also addresses refinements to capital requirement reporting, policy-making transparency, and miscellaneous updates to bank suitability assessments and anti-money laundering guidelines.
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