Regulation and supervision Cautions and notices

Cautions and notices

The Reserve Bank of New Zealand has issued current and expired notices.

Current cautions & notices
31 May 2018
Notice
Chartered Savings Loan and Trust Limited
30 Jun 2016
Notice
1808 Te Awaroa Native Reserve Bank
30 Jun 2016
Notice
‘Mauri NGO’ or ‘Mauri Bank’
17 Sep 2012
Notice
'Sovereign Global Bank of Aotearoa'
31 Aug 2012
Notice
City Commercial Bank
10 Jul 2012
Notice
Elite Bank Group
10 Jul 2012
Notice
Century Finance Limited trading as Century Bancorp
17 Apr 2012
Notice
First International Bancorp Limited
29 Mar 2012
Notice
Rich Finance Limited trading as Rich Bank
13 Jan 2012
Notice
Bantec Financial Group Ltd
23 Nov 2011
Notice
Swiss Financial Corp Limited
18 Nov 2011
Notice
Misleading ‘banking’ certificates have no legal authority
14 Jul 2011
Notice
Inappropriate use of names that include the word 'Bancorp'
06 Apr 2011
Notice
Windsor Savings Limited trading as Windsor Bancorp
28 Mar 2011
Caution
No licensed offshore finance industry
24 Dec 2010
Notice
Afix Group Limited
14 Oct 2009
Caution
New Zealand offshore finance companies
05 Oct 2009
Caution
Clarification on Building Societies
Expired cautions & notices
08 Jun 2011
Notice
The Magnus Trust Limited trading as Magnus Bancorp and Trust
31 Dec 2010
Notice
Metropolitan Financial Holdings Limited
14 Oct 2009
Notice
Miami International Bank and Bansur International Bank

Related to this page

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Regulatory news & updates

Aug 2018 Insurance

The Reserve Bank is holding insurer data workshops in Wellington on 24 September and Auckland on 25 September.

Read more about the workshops on the Insurer data workshops page.

Jul 2018 Insurance

The Reserve Bank of New Zealand is satisfied that FM Insurance Company Limited is no longer carrying on insurance business in New Zealand according to the Insurance (Prudential Supervision) Act 2010 (the Act). At the request of FM Insurance Company Limited, the licence issued to it on 28 June 2013 under section 19 of the Act was cancelled on 17 July 2018 pursuant to section 30(1) of the Act.

Jul 2018 Insurance

The Reserve Bank released a consultation paper on proposed changes to the Solvency Standards in response to NZ IFRS 16 Leases.

Read the consultation paper.

Jun 2018 Banks

On 27 June 2018 the Reserve Bank published a new edition of its “Banking industry update” newsletter.

Go to the Banks Publications page

Jun 2018 Insurance

The Reserve Bank sent a warning to Pacific International Insurance Pty Limited (Pacific International) for failing to include its solvency ratio in its New Zealand branch financial statements for three consecutive years.

Read the notice on the Industry notice page