New Zealand publishes liquidity guidelines
The Reserve Bank of New Zealand released its prudential liquidity policy for banks on Tuesday.
The central bank's acting governor, Grant Spencer, said that the new policy sets out balance sheet requirements and disclosure obligations for banks, concerning their internal liquidity management.
The central bank began to discuss the topic with banks early last year and issued a consultation paper in October 2008, which Spencer noted had elicited " a large number of helpful submissions" and which
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