RBNZ pushes back implementation of deposit-taker regulations
Central bank says rules will now come on line in December, rather than July, of 2028
The Reserve Bank of New Zealand (RNBZ) has said it will now implement new standards for deposit-taking financial institutions in December 2028, five months later than it originally planned.
In an announcement today (July 17), the central bank said the standards would apply under an act passed in 2023 that “modernises the regulatory framework to help ensure the safety and soundness of deposit-takers”. The standards will be issued in May 2027, and come into effect in December of the following year
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