Reserve Bank of New Zealand consults on new core prudential standards for deposit takers under the Deposit Takers Act 2023.

The Reserve Bank of New Zealand (RBNZ) is consulting on new core prudential standards for deposit takers under the Deposit Takers Act (DTA) 2023. The standards set rules for deposit takers, considering their sizes and characteristics, and aim to provide a safe and sound financial system. The DTA strengthens New Zealand's financial system by introducing a Depositor Compensation Scheme and new regulatory powers. The consultation covers core standards on capital, liquidity, disclosure, and DCS-related requirements.