Regulation and supervision Financial Sector Assessment Programme

Financial Sector Assessment Programme

The International Monetary Fund (IMF) undertook a Financial Sector Assessment Programme (FSAP) for New Zealand in 2016, with the findings and recommendations released in May 2017. An FSAP is a comprehensive review of a country’s financial system, with a particular focus on the quality of financial sector regulation. The previous New Zealand FSAP was conducted over 2003-04.

The 2016 New Zealand FSAP included a review of the Reserve Bank’s set of financial sector responsibilities, as well as an assessment of changes in New Zealand’s approach to securities and market conduct regulation.

Go to the International Monetary Fund's website

20 July 2017

11 May 2017

IMF releases individual FSAP reports:

9 May 2017

8 May 2017

27 April 2016

23 June 2004

Regulatory news & updates

Jan 2020 NBDTs

Non-bank Deposit Taker licence cancelled
At the request of UDC Finance Limited, The Reserve Bank has cancelled UDC’s Non-bank Deposit Takers licence on 15 January 2020, under section 21(h) of the Non-bank Deposit Takers Act 2013.

Dec 2019 FMI

Summary of submissions on the exposure draft of the FMI Bill published and FMI Bill introduced into parliament.

Go to Financial Market Infrastructures regulatory developments page

Dec 2019 Banks

Capital Review release: Background materials and a detailed response to submissions on the final consultation paper

Go to Capital Review consultation webpage

Dec 2019 Banks

The Reserve Bank has published the final decisions of its Capital Review.

Go to the Capital Review consultation page.

Nov 2019 NBDTs

Non-bank Deposit Taker licence cancelled
The Reserve Bank gives notice that the Non-bank Deposit Takers licences granted to Aotearoa Credit Union, Credit Union South and Credit Union Central were cancelled on 25 November 2019 pursuant to section 21(f) of the Non-bank Deposit Takers Act 2013, following their transfer of engagement to Credit Union Baywide, and their subsequent removal from the Register of Credit Unions.