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

Jun 2020 Insurance

The Reserve Bank has completed the thematic review of the Appointed Actuary role and regime, with the report published in June 2020

Apr 2020 Banks

The Reserve Bank has published guidance on the implementation of regulatory capital calculation for the Business Finance Guarantee Scheme (BFGS) by banks operating the Standardised and Internal Ratings Based (IRB) approaches to credit risk, and implementation of the mortgage deferrals programme by banks.

Apr 2020 Banks

The Reserve Bank is introducing a Term Lending Facility (TLF), a new longer-term funding scheme for the banking system, in support of the Government’s Business Finance Guarantee Scheme to help promote lending to businesses.

Read the news release outlining the scheme

Mar 2020 AML-CFT

The AML/CFT Supervisors have published urgent guidance related to verifying a person’s identity during COVID-19 Level 4. Please find this guidance below.

Feb 2020 Insurance

The Reserve Bank of New Zealand is satisfied that OnePath Life (NZ) Limited is no longer carrying on insurance business in New Zealand according to the Insurance (Prudential Supervision) Act 2010 (‘the Act’). At the request of OnePath Life (NZ) Limited, the licence issued to it on 7 May 2013 under section 19 of the Act was cancelled on 31 January 2020 pursuant to section 30(1) of the Act.