The new code establishes obligations for more inclusive banking products, expanded lending obligations and guarantor protections, and greater support for vulnerable customers.
November 7, 2022The legislation will introduce a deposit protection scheme, new supervisory powers for the RBNZ, and a new accountability framework for deposit takers' directors.
September 29, 2022The XRB intends to finalise the standards in December 2022. New Zealand's first climate statements will be published in April 2024.
July 31, 2022This is the first infringement notice the ACCC has issued for an alleged breach of the CDR rules as BOQ pays penalty.
July 14, 2022The guide outlines key considerations and best practice areas for directors to consider as they prepare for New Zealand's climate-related disclosures framework.
June 2, 2022A new consultation paper proposes to exempt FIs that are already enrolled with AUSTRAC from registration on the DCE Register when offering digital currency exchange services.
March 16, 2022The Depositor Compensation Scheme will protect up to NZD 100,000 per depositor, per licensed deposit taker, and is expected to be operational in late 2023.
December 9, 2021Mandatory climate disclosures will be required from early 2024, for annual reporting periods that start on or after 1 January 2023.
October 25, 2021The NZBA's Roger Beaumont says banks should pay lower levies compared to non-bank deposit takers because they are less likely to call on the scheme.
April 23, 2021The roadmap outlines a five-year timetable for a range of UK financial institutions to comply with mandatory disclosure requirements.
November 13, 2020