The Reserve Bank, together with the Ministry of Economic Development, has released a discussion document on the proposed disclosure requirements for the non-bank deposit taking (NBDT) sector.
Reserve Bank Deputy Governor Grant Spencer said disclosure of standardised prudential information will provide investors with a framework for analysing a NBDT's risks, and allow investors to compare risks between NBDTs more readily. The main proposal set out in the discussion document requires NBDTs to disclose a standard set of prudential information and for these disclosures to be updated six-monthly.
Submissions closed on 19 May.
Click here to read the discussion document.