Deposit Takers Standards – Tranche 2 and Due Diligence Guidance Consultation

Reserve Bank of New Zealand – Te Pūtea Matua

Key themes across our comments on the in-scope Standards include:

• The need to avoid inadvertently using the Standards to expand liability for directors
• The benefit of principles-based over prescriptive requirements
• The value in releasing final versions of the Standards as they are ready as opposed to a full release of all Standards on 31 May 2027.