Reserve Bank of New Zealand News Release

NEWS RELEASE - The Reserve Bank today rejected the suggestion, made by ACT leader Richard Prebble, that the registration of Kiwibank involved any special treatment, 4 February.

Reserve Bank Head of Financial System Oversight Peter Ledingham said: "The decision to register the bank was based on the criteria set out in the Reserve Bank Act, and Kiwibank was treated no differently from any other application. No political pressure has been applied.

"Kiwibank will comfortably meet the minimum

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