NZ makes credit ratings mandatory for non-banks

reserve-bank-of-new-zealand

The Reserve Bank of New Zealand on Monday said credit ratings were now mandatory for non-bank deposit takers.

The institutions concerned include finance companies, building societies and credit unions. New Zealand's new prudential regulatory regime also spanned capital adequacy requirements, restrictions on lending to related parties, governance and risk management requirements. The central bank is progressively introducing the new regulations to help improve the resilience of the country's non-

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: