Non-bank Deposit Taker licence cancelled
Fisher & Paykel Finance Limited has requested that the Reserve Bank of New Zealand (RBNZ) cancel its licence to be a non-bank deposit taker (NBDT) granted under the Non-Bank Deposit Takers Act 2013. RBNZ is satisfied that Fisher & Paykel Finance Limited is no longer making NBDT regulated offers of debt securities and no longer has debt securities that remain unpaid that were offered under an NBDT regulated offer. Having satisfied itself of these matters, RBNZ gives notice that the NBDT licence granted to Fisher & Paykel Finance Limited on 19 December 2014 was cancelled on 16 March 2018 under section 21(h) of the Non-bank Deposit Takers Act 2013.
Feb 2018 Banks
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.
If you have received a written request from the Reserve Bank to provide a copy of your latest section 59 audit(s), please submit the required documentation via this link.
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.