RBNZ considers easing bank disclosure, loosens finance company rules

Tue, 21 Jul 2015

By Paul McBeth July 21 (BusinessDesk) - The Reserve Bank is looking at ways to lower regulatory costs for private lenders by scaling back their disclosure obligations and plans to raise the threshold at which finance companies have to get a credit rating, following a year-long review of its prudential rules. Head of supervision Toby Fiennes told the Bankers' Association in Auckland the regulator has been reviewing its oversight framework for banks and non-bank deposit takers (NBDTs), and today launched a consultation document relating to...

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