Cautions and notices

Jan 2019 Insurance

The Reserve Bank of New Zealand is satisfied that Education Benevolent Society Incorporated is no longer carrying on insurance business in New Zealand according to the Insurance (Prudential Supervision) Act 2010 (the Act). At the request of Education Benevolent Society Incorporated, the licence issued to it on 18 April 2013 under section 19 of the Act was cancelled on 31 December 2018 pursuant to section 30(1) of the Act.

Dec 2018 Banks

On 20 December 2018 the Reserve Bank published a revised version of “Framework for Restrictions on High-LVR Residential Mortgage Lending” (BS19), to take effect at the same time as changes in the LVR limits.

Go to the loan-to-valuation ratio restrictions page.

Dec 2018 Banks

On 14 December 2018 the Reserve Bank published a consultation paper seeking feedback on proposed reforms to the amount of regulatory capital required of locally incorporated banks.

Go to the capital review consultation page

Dec 2018 Insurance

The Reserve Bank of New Zealand has published the December 2018 edition of the Insurance Industry Update.

Read the Insurance Industry Update 2018 (PDF 156KB)

Nov 2018 NBDTs

Non-bank Deposit Taker licence cancelled
The Reserve Bank gives notice that the Non-bank Deposit Takers licence granted to Caxton Employees Credit Union on 8 December 2014 was cancelled on 30 November 2018 pursuant to section 21(f) of the Non-bank Deposit Takers Act 2013 following its transfer of engagements to Credit Union Central, and its subsequent removal from the Register of Credit Unions.