The new service allows financial consumers to suspend payments from all of their accounts at banks and non-banks at once.
January 4, 2023The new code establishes obligations for more inclusive banking products, expanded lending obligations and guarantor protections, and greater support for vulnerable customers.
November 7, 2022The participants include banks, credit unions, securities firms, payment providers, money transfer agents and crypto exchanges.
October 20, 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, 2022Banks, insurers and non-bank deposit takers will need a ‘financial institution licence’ issued by the FMA starting in early 2025.
July 21, 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 most prominent ML threats to banks come from fraud, corruption and tax crimes. The main ML threats to the crypto sector relate to fraud and theft.
July 12, 2022Banks, insurers and non-bank deposit takers will be required to obtain a conduct licence from the FMA, on top of their prudential licences from the RBNZ.
July 1, 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, 2022