Crisis management under the Deposit Takers Act 2023 - Issues Paper

Closed 22 Nov 2024

Opened 21 Aug 2024

Contact

dta@rbnz.govt.nz

Results updated 17 Jul 2025

In 2024 we sought feedback on an Issues Paper on Crisis Management under the Deposit Takers Act 2023 (DTA). Thank you to those who participated in the consultation.  

The consultation closed on 22 November 2024. We received 7 submissions.  

A summary of submissions and copies of the 7 submissions are available below. We are considering the submissions as we undertake policy development and planning related to the implementation of the new crisis management framework.

We have not provided a direct response to the submissions at this stage. We intend to publish our policy response as we develop the associated policies. 

Summary of submissions (PDF, 178KB) 

Published submissions (PDF, 4.25MB)

Next steps

Find the timelines for consultation on the exposure drafts of the DTA standards on our website. 

DTA timeline

Overview

This issues paper on Crisis Management under the Deposit Takers Act 2023 sets out key issues for operationalising the crisis management regime in the DTA. In particular, it discusses: 

  • a staged response to managing deposit takers in different levels of financial distress or other difficulties
  • potential updates to our existing resolution tools, including those used to help recapitalise a failed deposit taker without relying on public funds
  • whether there is any need for additional statutory provisions to facilitate recapitalisation (so called, 'bail-in')  
  • potential requirements for crisis management preparation in a business-as-usual environment. 

Read the issues paper

Crisis Management under the Deposit Takers Act 2023 (PDF, 1.11MB)