Regulation and supervision Statements of approaches Statement of policy-making approach

Statement of policy-making approach

The purpose of the Statement of policy-making approach is to set out an accessible up-to-date summary of the Reserve Bank's regulatory policy-making processes.

This includes:

  • consultation;
  • regulatory impact analysis;
  • timelines;
  • and the principles that inform the Reserve Bank’s approach.

View the Statement of policy-making approach (PDF 223KB)

 

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Regulatory news & updates

Apr 2019 Banks

On 8 April 2019 the Reserve Bank published a consultation paper seeking feedback on the proposed framework for identifying domestic systemically important banks (D-SIBs).

Go to the D-SIB consultation page

Apr 2019 AML-CFT

The New Zealand Police have published an update following the Christchurch incident.

Read the New Zealand Police update (PDF 150KB)

Mar 2019 Insurance

In 2019 the Reserve Bank is performing a thematic review of the appointed actuary regime. Any policy changes will require consultation. We will seed feedback on the objectives and a draft plan for the review through open forums in Auckland and Wellington, as well as meetings with key stakeholder groups. The forums are scheduled for:

  • Wellington - Tuesday 2 April 1-2:30pm and 3 - 4:30pm at James Cook hotel
  • Auckland - Wednesday 3 April 12:30-2pm and 2:30-4pm at the Heritage hotel

If you wish to attend please RSVP by email to insurancethematicreview@rbnz.govt.nz no later than 27 March 2019. Please state who will be attending and which session.

Feb 2019 Insurance

We published new forms to be used for Report Dates from February 2019 on the insurer data collections page.

The Insurer Solvency Return has been updated to reflect the recent amendment to solvency standards (NZ IFRS 16 Leases and reasonable assurance audit), and the Insurer Return has added validation checks for insurers to review before submission.

Jan 2019 Insurance

On 29 January 2019 the Financial Markets Authority and Reserve Bank of New Zealand released the findings from their joint review of conduct and culture in New Zealand life insurers. The review took place between June and November 2018 and involved a review of 16 life insurers. The report is thematic in nature and as such does not attribute findings to individual life insurers.