DTA Industry Engagement

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Deposit Takers Act

Find out how we work with the industry on DTA and DCS initiatives and how you can collaborate.

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How we are engaging with the industry

Continuous engagement with the deposit-taking industry helps us understand their businesses and customers so that we develop workable regulations and standards to give effect to the legislation.

Deposit takers will have regular opportunities to have input into our policy thinking. In between our formal consultations, we want to continue engaging in all aspects of our policy and operations through various engagements and channels. You can also email us at dta@rbnz.govt.nz.

Industry workshops and webinars

We host workshops and webinars to engage with industry on policy proposals and other topics relating to DTA implementation. View the presentation material in the links below.

Ben Thirkell-White, Manager Recovery and Resolution Policy, spoke to legal practitioners about the deposit taker resolution framework for the future at a Banking & Financial Services Law Association (BFSLA) luncheon in Auckland.

Under the DTA, RBNZ becomes the designated Resolution Authority for New Zealand. Ben provided an overview of RBNZ’s future resolution framework, which marks a significant evolution of the Open Bank Resolution Policy introduced in 2012. Ben touched on RBNZ’s resolution powers and accountabilities under the DTA, and how the framework guides a set of crisis preparedness standards that will be published for consultation in June 2026.

Download the speech
(PDF, 598KB)

We hosted the first of a series of webinars to support non-bank deposit takers (NBDTs) as they prepare for the transition to the Deposit Takers Act (DTA). The session introduced NBDTs to what supervision will look like once the DTA comes into force in late 2028. This included an overview of the principles that underpin our approach to supervision, our high-level regulatory approach and what NBDTs can expect from us as their supervisor.

Scott McKinnon, Director of Specialist Supervision, and Stan Christian, Acting Director of Prudential Supervision, led the session.

See the webinar opening remarks and slides below.

Opening remarks
(PDF, 207KB)

Being supervised by RBNZ slides
(PDF, 1.06MB)

We hosted an online webinar to engage industry on the approach RBNZ intends to take when relicensing existing deposit takers under the Deposit Takers Act (DTA).

The principles that will underpin our approach are shared in the opening remarks, and the presentation outlines how we intend to assess applications and provides a roadmap of key licensing milestones.

See the workshop slides below.

DTA Licensing Webinar Opening Remarks
(PDF, 206KB)

DTA Licensing Webinar Presentation (with notes) (PDF, 1.09MB)

We hosted two industry workshops on the DCS Transitional Standard for deposit takers with internet banking on our proposed requirements for the prepositioned entity webpage for a DCS payout.

See the workshop slides below.

Industry workshop DCS Transitional Standard
(PDF, 421KB)

An online workshop was held on the proposed capital requirements for market risk for Group 1 and Group 2 deposit takers. The purpose of the workshop was to hear industry feedback on our emerging thinking to help identify problems and areas that may need further work.

See the Market Risk Workshop slides
(PDF, 774KB)

We hosted an online webinar to engage industry on our proposals for a Depositor Compensation Scheme (DCS) payout solution. This presentation shares our current thinking on two payout solutions that we would like to see implemented by mid-2025. It includes the end-to-end process for eligible depositors to claim their compensation.

See the webinar slides below.

Industry webinar DCS payout solution
(PDF, 823KB)

In-person engagements were held with industry to consult and present policy proposals for the Deposit Takers non-core standards, and Crisis Management issues paper. Presentation material is grouped by the proportionality groupings of deposit takers.

See the workshop slides below.

Groups 1 and 2 and branches

Governance, Risk Management and Operational Resilience (PDF, 2,538KB)

Restricted Activities and Related Party Exposures (PDF, 1,227KB)

Branches, Lending, Open Bank Resolution and Outsourcing PDF, 1,201KB)

Crisis Management
(PDF, 945KB)

Group 3

Governance, Risk Management and Operational Resilience (PDF, 2,538KB)

Restricted Activities and Related Party Exposures (PDF, 1.06MB)

Crisis Management
(PDF, 890KB)

In-person and online engagements were held with industry to consult and present policy proposals for the Deposit Takers core standards, covering Capital, Liquidity, Disclosure and the Depositor Compensation Scheme (DCS).

See the workshop slides below.

Deposit takers core standards – Groups 1 and 2 and branches (PDF, 1.4KB)

Deposit takers core standards – Group 3
(PDF, 1.4KB)

Online engagements were held with industry to present policy proposals for the Depositor Compensation Scheme (DCS) Regulations required to operate the DCS from mid-2025. This consultation sought feedback on the proposed levy calculation methodology, the scope of DCS coverage and other operational issues.

See the workshop slides below.

DCS Regulations - Banks
(PDF, 886KB)

DCS Regulations - NBDTs
(PDF, 851KB)

We hosted our first industry workshops following the passing of the Deposit Takers Act. We presented the proposed proportionality framework for developing standards for deposit takers, and the development of regulations for the DCS. Treasury presented its first consultation on the Statement of Funding Approach. The 3 consultations closed for feedback on 25 September 2023.

Read our DTA Industry Workshop Slides - August 2023 (PDF, 2.43MB)

The Treasury's workshop slides are available on the

Treasury website
.

See our Deposit Takers Bill presentation from 6 June 2023 . (PDF, 1.50MB)

Consultation hub

Citizen Space has information on our Deposit Takers Act (DTA) and Depositor Compensation Scheme (DCS) consultations. We look forward to your input.

Visit the hub