Review of Trans-Tasman regulations
Please note: Information regarding the “Review of financial products and providers including non-bank deposit-takers” has been moved.
Recent changes to the Reserve Bank of New Zealand Act 1989 as a result of proposals by the Trans-Tasman Council on Banking Supervision
31 January 2007
The Reserve Bank of New Zealand Act was amended in 2006 to include changes recommended by the Trans-Tasman Council on Banking Supervision. Equivalent legislation was passed in Australia around the same time. This note discusses the legislative changes.
22 February 2006
This note discusses the legislative proposals of the Trans-Tasman Council on Banking Supervision, the background to the changes and their impact on banks.
Review of the regulation and performance of New Zealand's major financial institutions
1 March 2005
Following on from the cabinet paper submitted in July 2004 on Proposals for closer integration of trans-Tasman banking regulation and supervision, the Minister of Finance invited the New Zealand Treasury, the Reserve Bank of New Zealand, and the Ministry of Economic Development to form a joint working group and undertake a review of the regulation of major financial institutions.
In February 2005, the joint working group submitted a report to the Minister entitled Review of the regulation and performance of New Zealand's major financial institutions. Also available as a PDF file (282KB).
The Reserve Bank made public today the above paper and other related papers below that were requested under the Official Information Act.
Cover Note
The Cover note summarises the findings and recommendations presented in the full report.
Appendices
These appendices were attached to the Review of the regulation and performance of New Zealand's major financial institutions report. Available as a PDF file (563KB).
Talking Points
The Reserve Bank provided talking points to the Minister of Finance before his February 2005 meeting with Australian Treasurer Costello.
The New Zealand Treasury have also made available the first three of these papers as well as a Treasury report (www.treasury.govt.nz).
Trans-Tasman Banking Regulation papers released
12 January 2004
The Reserve Bank made public today four papers completed in July and August 2004 on trans-Tasman banking regulation.
Terms of reference for development of a framework for closer integration of trans-Tasman banking regulation
A working party of the Australian
and New Zealand Treasuries, and the
relevant financial sector supervisory agencies, including the Reserve Bank of
New Zealand, the Reserve Bank of Australia
and the Australian Prudential Regulation
Authority, has been formed to develop policy options for closer integration
of trans-Tasman banking regulation. Officials are due to jointly report back to
their respective Ministers by 30 June 2004.
View the terms of reference for the working party as agreed by
the New Zealand Minister of Finance and Australian Treasurer. Also available as
a PDF file (21 KB).
Officials to continue work on greater integration of Trans-Tasman banking regulation frameworks
Outline of Reserve Bank plans for enhancing trans-Tasman `home-host' banking supervision
