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.
Provides answers to help banks and the general public understand banking regulation in New Zealand.
Banks news & updates
Dec 2017 Banks
On 11 December 2017 the Reserve Bank published guidance for the preparation of a separation plan. The purpose of this document is to provide banks with guidance on how they should prepare their separation plan, as required under the revised Outsourcing Policy.
On 14 November 2017 the Reserve Bank published a follow-up consultation paper on changes to bank disclosure requirements, to complement the new Dashboard approach to quarterly disclosure and to implement other decisions taken in the Regulatory Stocktake. View the Dashboard page.