RBNZ reviewing policy on branches of overseas banks

Wed, 20 Oct 2021

The Reserve Bank has started a review of its policy for branches of overseas banks operating in New Zealand "to keep pace with the evolving global regulatory environment"."The objective of the review is to create a simple, coherent and transparent policy framework for branches of overseas banks," said deputy governor and general manager of financial stability Geoff Bascand, who leaves the central bank in January."Overseas branches are a growing part of our financial system and it is timely to ensure their regulation and...

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