Open Bank Resolution (OBR) is a long-standing Reserve Bank policy aimed at allowing a distressed bank to be kept open for business, while placing the cost of a bank failure primarily on the bank’s shareholders and creditors, rather than the taxpayer.
On 21 December 2016 the Reserve Bank published a policy (PDF 208KB) for the dual registration of small foreign-owned banks. A summary of submissions received on the earlier consultation with stakeholders has been published with the policy.
Nov 2016 Banks
The due date for submissions on the dashboard consultation document (PDF 1MB) has been extended by two weeks to ensure that all stakeholders have the opportunity to provide written feedback. Submissions on the consultation now close at 5pm on 15 December 2016.