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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Politics
5 mins to read

Committee takes collaborative approach to Deposit Takers Bill

Proposed law would require the Reserve Bank to treat small financial institutions differently to the major banks.

Finance committee has given the Reserve Bank direction about how it should monitor non-bank deposit takers.

Brent Edwards Mon, 17 Apr 2023

The Financial Services Federation is happy with proposed changes to the Deposit Takers Bill, which will require the Reserve Bank to treat small financial institutions differently to the major banks.

Parliament’s Finance and Expenditure Select Committee reported back on the Bill last week, and

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Brent Edwards Mon, 17 Apr 2023
Contact the Writer: brent@nbr.co.nz
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Committee takes collaborative approach to Deposit Takers Bill
Politics,
98637
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