This article discusses the Reserve Bank of New Zealand Amendment Act 2006, passed in October, which implements the Government’s response to the recommendations of the Trans-Tasman Council on Banking Supervision. The Act amends part of the existing Act passed in 1989 and is being matched by...

This article reviews developments in the New Zealand banking system over the year to December 2000. Financial information extracted from banks' disclosure statements indicates a strong banking system with good asset quality.

This article looks at the new Part VC of the Reserve Bank of New Zealand Act, which deals with the designation of payment systems. It briefly describes payment systems and looks at why legislation designating them was required. The article then looks at the details of the legislative framework.

This article explains recent legislative changes directed at making the netting of financial contracts in New Zealand more legally certain and at aligning the commencement of liquidation or insolvency with the recent move to the real-time gross settlement of high value payment transactions.