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Community Scoop » New Deposit Takers Act A Step Closer


Press Release – The Treasury
A Cabinet decision to adopt the final measures resulting from the Reserve Bank Act Review will see drafting commence for new legislation to be known as the Deposit Takers Act. The measures announced by Minister of Finance Hon Grant Robertson will …
A Cabinet decision to adopt the final measures resulting from the Reserve Bank Act Review will see drafting commence for new legislation to be known as the Deposit Takers Act.
The measures announced by Minister of Finance Hon Grant Robertson will promote financial stability and protect deposits held in both bank and non-bank institutions. They conclude a comprehensive review of the Reserve Bank of New Zealand Act, and build on reforms already confirmed to update the objectives and decision-making processes of the Reserve Bank. ....

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MIL-OSI New Zealand: New Deposit Takers Act a step closer


Source: New Zealand Treasury:
A Cabinet decision to adopt the final measures resulting from the Reserve Bank Act Review will see drafting commence for new legislation to be known as the Deposit Takers Act.
The measures announced by Minister of Finance Hon Grant Robertson will promote financial stability and protect deposits held in both bank and non-bank institutions. They conclude a comprehensive review of the Reserve Bank of New Zealand Act, and build on reforms already confirmed to update the objectives and decision-making processes of the Reserve Bank.
The new Deposit Takers Act will create a single regulatory regime for all bank and non-bank deposit takers (such as building societies and finance companies). It will also introduce a new deposit insurance scheme that will protect up to $100,000 per depositor, per institution in the event of a failure. ....

New Zealand , New Zealanders , New Zealander , Suzanne Snively , Caralee Mcliesh , Bank Governor Adrian Orr , Advisory Panel , Bank Act , New Zealand Treasury , Reserve Bank Act Review , Deposit Takers , Finance Hon Grant Robertson , Reserve Bank , New Zealand Act , Deposit Takers Act , Treasury Dr Caralee Mcliesh , Reserve Bank Act , Financial Policy Remit , Independent Advisory Panel , புதியது ஜீலாந்து , ஸுஸ்யாந் ஸ்நீவெளி , வங்கி நாடகம் , புதியது ஜீலாந்து கருவூலம் , இருப்பு வங்கி நாடகம் விமர்சனம் , வைப்பு எடுப்பவர்கள் , நிதி க .ரவ மானியம் ராபர்ட்சன் ,