RBNZ seeks feedback on rolling out overseas bank branch changes

The Reserve Bank has released key decisions from its review of branches of overseas banks. (Image: Getty)

Tue, 07 Nov 2023

The Reserve Bank of New Zealand is seeking feedback on how it implements changes to its regulatory regime for branches of overseas banks operating in NZ.It started its review with the release of a first consultation paper in Oct 2021. In a regulatory impact statement published on Tuesday, the Reserve Bank (RBNZ) said its policy towards branches had developed over time, resulting in inconsistent outcomes.“As a result our policy on branches can be difficult to interpret, which in itself can increase regulatory burden.”Key decisio...

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