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

Sep 2017 Banks

The Reserve Bank has today confirmed its policy decision on the Dashboard approach for quarterly disclosures (PDF 280KB) for locally incorporated banks. Work to implement the Dashboard has commenced and we aim to publish the first Dashboard in late May 2018 with data from Q1 2018.

Sep 2017 Banks

The Reserve Bank has today published a revised version of its Outsourcing Policy (BS11) for registered banks, which takes effect from 1 October 2017. For more information see the Outsourcing policy and Review of the outsourcing policy for registered banks pages.

Jul 2017 Banks

The Reserve Bank has published a consultation paper about what should qualify as bank capital. Capital Review Paper 2: What should qualify as bank capital? Issues and Options (PDF 1.2MB)

Jul 2017 Banks

The Reserve Bank and Ministry of Business, Innovation and Employment have published a consultation document (PDF 756KB) on issues arising out of the application of foreign margin rules for OTC derivatives to New Zealand entities. The consultation document describes potential impediments in New Zealand legislation to compliance with these margin rules, the costs of non-compliance, and a number of targeted legislative amendments to address the potential impediments to compliance.

Jul 2017 NBDTs

Non-bank Deposit Taker licence cancelled
Nelson Enterprise Loan Trust has notified the Reserve Bank of New Zealand that it is no longer an NBDT under the Non-bank Deposit Takers Act 2013. The Reserve Bank is satisfied that Nelson Enterprise Loan Trust 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, the Reserve Bank gives notice that the NBDT licence granted to Nelson Enterprise Loan Trust on 30 April 2015 was cancelled on 1 July 2017 pursuant to section 21(e) of the Non-bank Deposit Takers 2013.