21st July 2009

 

The new Non-Bank Deposit Takers (NBDT) regime requires all NBDT’s to both implement and comply with a risk management programme (Programme) by 1 September 2009.

 

On 12 June 2009 the Reserve Bank of New Zealand (Reserve Bank) issued draft Risk Management Program Guidelines (Guidelines) for consultation. Submissions closed on 29 June and the final Guidelines were released last week on 13 July 2009.

 

If you are interested in an updated summary of the Guidelines to better understand how the Guidelines have changed we invite you to read our latest News Alert.