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)

Wed, 24 Aug 2022

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...

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