RBNZ is consulting on changes to the disclosure requirements for registered banks and comments are due by January 12, 2018. RBNZ also confirmed the previously signaled policy decision on the Dashboard approach for quarterly disclosures for locally incorporated banks. Work to implement the Dashboard has commenced and RBNZ aims to publish the first dashboard in late May 2018, with data from the first quarter of 2018.
Along with the implementation work on the Dashboard, RBNZ needs to make changes to the existing registered bank disclosure requirements, to take effect at the same time as the Dashboard. These changes include the removal of the requirement for off-quarter disclosure statements. The proposed changes also include a number of other improvements confirmed during the Regulatory Stocktake. RBNZ is, therefore, consulting on changes to the disclosure Orders in Council. The changes would be made by Amending Orders and they take effect from March 31, 2018.
- Consultation on Updates to Registered Bank Disclosures Arising from Stocktake (PDF)
- Disclosure Order for New Zealand Banks: Red-Lined with Proposed Changes (PDF)
- Disclosure Order for Branches of Overseas Banks: Red-Lined with Proposed Changes (PDF)
Comment Due Date: January 12, 2018
Effective Date: March 31, 2018
Keywords: Asia Pacific, New Zealand, Banking, Reporting, Quarterly Disclosures, Dashboard, Regulatory Stocktake, RBNZ
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