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

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.

Jan 2019 Insurance

The Reserve Bank of New Zealand is satisfied that Education Benevolent Society Incorporated is no longer carrying on insurance business in New Zealand according to the Insurance (Prudential Supervision) Act 2010 (the Act). At the request of Education Benevolent Society Incorporated, the licence issued to it on 18 April 2013 under section 19 of the Act was cancelled on 31 December 2018 pursuant to section 30(1) of the Act.

Dec 2018 Banks

On 20 December 2018 the Reserve Bank published a revised version of “Framework for Restrictions on High-LVR Residential Mortgage Lending” (BS19), to take effect at the same time as changes in the LVR limits.

Go to the loan-to-valuation ratio restrictions page.

Dec 2018 Banks

On 14 December 2018 the Reserve Bank published a consultation paper seeking feedback on proposed reforms to the amount of regulatory capital required of locally incorporated banks.

Go to the capital review consultation page