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Articles by Guy Lethbridge
Reserve Bank publishes Depositor Compensation Scheme regulations
The Reserve Bank has published the first regulations to be made under the Deposit Takers Act 2023. The Deposit Takers Regulations 2025 (Regulations) prescribe some detail for the operation of the Depositor Compensation Scheme (DCS). The Regulations are broadly consistent with the policy proposals that the Reserve Bank consulted on in March 2024 (see our previous insight here).
Reserve Bank seeks feedback on a potential bail-in resolution tool
The Reserve Bank has published an issues paper seeking feedback on how it may operationalise its crisis management and resolution powers under the Deposit Takers Act 2023 (DT Act).
Reserve Bank consults on non-core standards - implications for branches
The Reserve Bank has published the second consultation paper on the standards to be introduced under the Deposit Takers Act 2023 (DT Act). This follows the previous consultation on the core standards that closed on 16 August 2024 (see our previous insight ) and represents the next stage in a significant, multi-year work programme by the Reserve Bank to implement the DT Act. Standards will apply to deposit takers via their conditions of licence.
Reserve Bank consults on non-core standards - implications for locally incorporated deposit takers
The Reserve Bank has published the second consultation paper on the standards to be introduced under the Deposit Takers Act 2023 (DT Act). The consultation follows the previous consultation on the core standards that closed on 16 August (see our previous insight ) and represents the next stage in a significant multi-year work programme by the Reserve Bank to implement the DT Act.
Reserve Bank consults on core standards
The Reserve Bank has published the first consultation paper on the standards to be introduced under the Deposit Takers Act 2023 (DT Act). The consultation represents the next stage in a significant multi-year work programme by the Reserve Bank to implement the DT Act. In this insight we summarise the Reserve Bank's policy proposals. The consultation closes on 26 July.
Investing in New Zealand- 2024
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2024 Investing in New Zealand 1. Introduction to New Zealand Page 7 3. Corporate Structures Page 19 5. Takeovers Regulation Page 25 7. Property Page 33 9. Resource Management Page 41 11. Financial Services and Funds Management Page 47 13. Competition Law Page 54 15. Employment Page 60 17. Restructuring and Insolvency Page 66 Introduction Page 3 About Russell McVeagh Page 4 New Zealand Key statistics Page 5 2. Overseas Investment Regime Page 10 4. Business Names, Trade Names and Trade Marks Page 23 6.
By Matthew Kersey, Alex MacDuff, Will Irving, Marika Eastwick-Field, Kirsten Massey, Nathaniel Walker, Emma Peterson, Joe Edwards, Liz Blythe, Troy Pilkington, Petra Carey, Bradley Aburn, Hannah Bain, Hannah Wilson, Dan Jones, Sarah McQueen, Guy Lethbridge, Deemple Budhia, Daniel Minhinnick, Simon Pilkinton, Allison Arthur-Young, Sarah Blackmore, David Raudkivi, Anna Crosbie, Natalie Steur, David Butler, Ed Crook, Fred Ward, Greg Neill, Ian Beaumont, Joe Windmeyer, Tom Gillespie Verified, Ben Paterson, David Hoare, Lance Jones, Tim Clarke, Steven Sutton, Cath Shirley-Brown
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Banking Regulation: New Zealand
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Reserve Bank seeks further feedback on Depositor Compensation Scheme regulations
The Reserve Bank has published its latest consultation paper on the detailed regulations to implement the Depositor Compensation Scheme (DCS).
Reserve Bank publishes final consultation on Branch Review
The Reserve Bank has published the third and final consultation paper on the branch policy review (Branch Review). The consultation refines the proposal to restrict dual-registered branches' business to "large wholesale customers" only. This was originally proposed in the second consultation paper published in August 2022.
Deposit Takers Bill: The Select Committee recommends amendments
On Tuesday last week, the Finance and Expenditure Committee sent a revised Deposit Takers Bill back to the House with a recommendation that it be passed. The Committee made relatively few amendments.
Credit Suisse as another test case for NZ's Deposit Takers Bill
In our previous update (available here) we discussed what may have happened if the Deposit Takers Bill had been enacted and Silicon Valley Bank had been a New Zealand bank. Since then, Swiss bank Credit Suisse has been taken over by its rival UBS in a rescue package hurriedly put together by the Swiss regulator FINMA. So what would have happened if the Deposit Takers Bill was passed in its current form and a New Zealand bank required an urgent rescue along the lines of Credit Suisse?
Silicon Valley Bank as a test case for New Zealand's Deposit Takers Bill
Background Last Friday in California, Silicon Valley Bank (SVB) was shut down by its local regulator and the Federal Deposit Insurance Corporation (FDIC) was appointed as receiver. Urgent regulatory action to prevent systemic risk in the USA and UK has followed. In late 2022 in New Zealand, the Deposit Takers Bill had its first reading and is now before Select Committee. The Deposit Takers Bill, if enacted, will make significant changes to how banks are regulated in New Zealand.
The banking regulatory regime in New Zealand | Lexology
New Zealand
October 21 2019 All questions The regulatory regime applicable to banks New Zealand has a twin peaks approach to the regulation of the financial system. The Reserve Bank of New Zealand has responsibility for prudential regulation of financial institutions (including banks). The Financial Markets Authority (FMA) has responsibility for the regulation of financial products (including securities and derivatives issued by financial institutions regulated by the Reserve Bank).
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