The Reserve Bank of New Zealand – Te Pūtea Matua
Generally, NZBA submits that further and consistent engagement will be needed as the DTA Standards progress; that the Reserve Bank should look to use conditions of licence to ensure flexibility for deposit takers; that caution should be exercised in borrowing defined terms from other legislation; and that there should be a clear process for updating and clarifying the related Guidance for each Standard.
In relation to each individual Standard, please refer to our submission for detailed comments.