Reserve Bank wants feedback on policy for overseas bank branches

Reserve Bank wants feedback on policy for overseas bank branches
The NZ central bank expects final decisions will be made in early 2023. (Image: NZME)
Rebecca Howard
The Reserve Bank of New Zealand is seeking feedback on the second and final consultation on the review of its policy for branches of overseas banks.In a statement, the Reserve Bank of NZ (RBNZ) said: “The objective of the review is to create a simple, coherent and transparent policy framework for branches that protects and promotes financial stability." An overseas bank wishing to operate as a registered bank in NZ can apply to register as either a locally-incorporated subsidiary or as a branch of the overseas bank.The key diffe...

More Economy

Business confidence nixes July RBNZ cut
Economy

Business confidence nixes July RBNZ cut

Economists say July is a pause, not the end point.

Rebecca Howard 02 Jul 2025
Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025