Reserve Bank consulting on dual registration for non-systemic banks
The Reserve Bank today published a consultation paper on its approach to the registration of foreign-owned banks that have a small, non-systemic, locally incorporated presence in New Zealand.
The consultation proposes a way to assess whether these banks may be permitted to ‘dual-register’, simultaneously operating a local branch alongside a subsidiary.
Consultation closes on 24 August 2016. The Bank will review submissions received and expects to communicate further about the issue in late 2016.
External Communications Adviser, Reserve Bank of New Zealand
Ph 04 471 3698 or 027 337 1102