Regulation and supervision Banks Consultations and policy development for banks Completed policy development The dashboard approach to quarterly disclosure

The dashboard approach to quarterly disclosure

Release date
05/06/2018

Status: Work to implement the Dashboard has now been completed, and the first Dashboard was published on 29 May 2018 with data from Q1 2018. Corresponding changes to bank disclosure requirements take effect for the same reporting date, namely 31 March 2018.

Consultation period: 2016-2018

5 June 2018

The Bank Financial Strength Dashboard has now gone live, with data from Q1 2018. The Reserve Bank has made a number of other minor updates to its website and to the Handbook document BS7A, to update references to the Dashboard.

Go to the Bank Financial Strength Dashboard

29 March 2018

The Reserve Bank has updated the working copies of the disclosure Orders in Council on its main Banking Supervision Handbook contents page, to reflect the changes in disclosure requirements that take effect on 31 March. The Reserve Bank has also updated the related Handbook documents BS7 and BS7A, and revised a number of pages on its website to remove references to quarterly disclosure statements.

Go to the Banking Supervision Handbook page

23 February 2018

Amending Orders in Council were published in the New Zealand Gazette on 22 February 2018, to implement the changes in disclosure needed to coincide with the first Dashboard publication. Subject to the 28 day notice period, these amendments will take effect on 31 March 2018. The Reserve Bank will update its working copies of the principal Orders on the Banking Supervision Handbook page in late March. The main impact of these changes will be that no bank will be required to publish an off-quarter disclosure statement for a period ending on 31 March 2018.

The Reserve Bank has prepared a Regulatory Impact Statement assessing the combined impact of implementing the Dashboard and removing off-quarter disclosure statements:

In light of feedback received on the November 2017 consultation, the disclosure changes that are now being made incorporate some updates compared to the version proposed in that consultation. The following paper summarises the consultation feedback, provides Reserve Bank responses to key issues raised by submitters, and notes the policy decisions made as a result:

Submissions for publication

The Reserve Bank is publishing the individual submissions received on the consultation on changes to existing bank disclosure requirements, where consent to do so has been provided by submitters.

14 November 2017

Alongside the implementation work on the Dashboard, the Reserve Bank needs to make changes to the existing registered bank disclosure requirements, to take effect at the same time as the Dashboard. These changes include the removal of the requirement for off-quarter disclosure statements. The Reserve Bank is therefore consulting on changes to the disclosure Orders in Council, which would be made by Amending Orders to take effect from 31 March 2018. The proposed changes also include a number of other improvements confirmed during the Regulatory Stocktake. The deadline for comments is 12 January 2018.

21 September 2017

The Dashboard approach for quarterly disclosures was formally consulted on at the end of 2016. It aims to enhance market discipline by making quarterly disclosures available in a timelier manner and in a format that is more accessible to facilitate comparisons across banks. Industry workshops were held in May and August 2017 to further discuss key design issues raised by banks during the formal consultation. The Reserve Bank previously indicated its preference to introduce a Dashboard in its summary of the submission feedback and has confirmed this decision today. The paper published today outlines the finalised Dashboard approach to quarterly disclosures for locally incorporated banks and takes on board issues raised by stakeholders by making refinements around the timing of publication, measures to ensure data quality and the metrics that will be included in the Dashboard.

7 February 2017

In late 2016 the Reserve Bank ran a public consultation on the Dashboard approach to quarterly disclosure by locally incorporated banks, which aims to enhance market discipline by making these quarterly disclosures available in a timelier manner and in a format that is more accessible and facilitates comparisons across banks. The summary of submissions document, released today, summarises the consultation feedback, provides Reserve Bank responses to some key issues raised by submitters and outlines next steps for the Dashboard initiative.

Submissions for publication

The Reserve Bank is publishing the individual submissions received as part of the Dashboard consultation where consent to do so has been provided by submitters.

23 September 2016

In September 2016 the Bank published a consultation document on the proposed Dashboard approach to quarterly disclosure by locally incorporated banks. The consultation closed on 15 December 2016. The Dashboard is an outgrowth of the Regulatory Stocktake, and would involve publication on the Reserve Bank’s website of key information on locally incorporated banks. By presenting this information in one place and in a standardised format, the Dashboard aims to enhance market discipline by making this information more accessible and facilitating comparisons across banks. The consultation document also seeks feedback on various other related matters.

Consultation document: The Dashboard approach to quarterly disclosure (PDF 1MB)

Go to the Bank Financial Strength Dashboard website
The Bank Financial Strength Dashboard measures the financial condition or strength of locally incorporated banks in New Zealand.
Latest Publications
Sign up for updates

Stay current with the latest content on the Reserve Bank website