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.
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Banks news & updates
Apr 2018 Banks
On 11 April 2018, the Reserve Bank published a consultation document on its approach to allowing overseas banks to use restricted words (such as “bank” and “banking”) in New Zealand without being registered here as a bank.
On 29 March 2018, the Reserve Bank published updated versions of its working copies of the disclosure Orders in Council, to incorporate the changes that take effect from 31 March. A number of other web page changes were made at the same time, to reflect the fact that off-quarter disclosure statements are no longer required.
On 23 February 2018, following the gazetting of disclosure changes to complement the new Dashboard approach to quarterly disclosure, the Reserve Bank published a feedback statement on the consultation on the changes, and a regulatory impact statement for the combined effect of the Dashboard and the disclosure changes.
On 19 December 2017 the Reserve Bank published a consultation document on the calculation of risk weighted assets, and a response to submissions on the definition of capital, as part of the Review of capital adequacy for registered 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.