International derivatives rules prompt RBNZ, MBIE to look at law change

Thu, 13 Jul 2017

By Paul McBeth July 13 (BusinessDesk) - International efforts to remove some of the risks associated with over-the-counter derivatives products have spurred the Reserve Bank and the Ministry of Business, Innovation and Employment to look at changing the law to make sure New Zealand's lenders access to overseas funding isn't stifled. Reforms led by the Group of 20 biggest economies will capture New Zealand-registered banks and could make it harder for them raise funds from overseas using derivative products to hedge against foreign exchan...

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