RBNZ sees review of bank, non-bank regulations complete by September 2015

Tue, 22 Jul 2014

By Jonathan Underhill July 22 (BusinessDesk) - The Reserve Bank says it will complete a stock-take of regulations covering banks and non-bank deposit takers by September next year to ensure they're as streamlined as possible given the layers of complexity added with the Basel III regime. While New Zealand isn't a member of the Basel committee on banking supervision or the G20's financial stability board the Reserve Bank has developed its regulatory framework to be broadly in tune with the international reforms, deputy governor Grant Spenc...

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