Regulatory Alerts2022-02-27
Added · Updated
Standards and requirements for banks
The Reserve Bank of New Zealand mandates that all registered banks publish biannual disclosure statements to strengthen sound banking practices and assist investors. These statements must include comprehensive financial data, risk profiles, and director attestations verifying compliance with registration conditions and risk management systems. The regime also requires overseas bank branches to disclose relevant financial information and ensures directors face penalties for false or misleading reports.
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