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.
On 14 November 2017 the Reserve Bank published a follow-up consultation paper on changes to bank disclosure requirements, to complement the new Dashboard approach to quarterly disclosure and to implement other decisions taken in the Regulatory Stocktake. View the Dashboard page.
Oct 2017 Insurance
The Reserve Bank has published a Consultation Paper relating to a possible strengthening of audit requirements for insurer data returns. Submissions are invited from interested parties prior to 16 December 2017. Read the consultation paper.