Consultation: Deposit Takers Standards for Crisis Management and Resolution

Reserve Bank of New Zealand – Te Pūtea Matua

NZBA is broadly supportive of RBNZ’s general approach to implementation.  Key topics in our submission include:

• We encourage RBNZ to continue to develop its thinking around timing for implementation
• Proposals for variable suspension capability should be weighed against resource requirements for implementation
• Investors (including international investors) should be considered as a key part of the audience for RBNZ’s crisis management policies, guidance and consultation materials
• The approach to branch banks should be carefully considered to ensure efficiency and practicality.