Deposit Takers Core Standards

Closed 16 Aug 2024

Opened 16 May 2024

Contact

dta@rbnz.govt.nz

Results updated 1 May 2025

Consultation outcome

In mid-2024, we sought feedback on the policy proposals for the 4 Deposit Takers core standards. These are new prudential standards to be made under the Deposit Takers Act 2023 (DTA). Thank you to everyone who provided feedback.

The consultation closed on 16 August 2024. We received 26 submissions which we will use to inform the drafting of the core standards. We will consult on exposure drafts of all the standards in due course.

On 31 March 2025, we announced that we would undertake a reassessment of key aspects of our deposit takers capital settings, utilising international experts and assessing it against the regimes in other countries. Given this decision, we are not publishing our response to submissions on the Capital Standard at this time.

Find the summary of submissions and our final policy decisions for the Liquidity, Depositor Compensation Scheme and Disclosure Standards below.

Published responses 

Overview

  • We consulted on policy proposals for new prudential standards made under the Deposit Takers Act 2023 (DTA).
  • The standards will replace our existing prudential requirements. Unlike most of our existing prudential requirements, the standards will be secondary legislation.
  • This consultation covered the 4 core Deposit Takers Standards. We will use these standards to license existing banks and NBDTs under the new regime.

More information on the new regulatory regime under the DTA

The DTA modernises our regulatory framework to protect and promote the stability of the financial system. The DTA creates a single regulatory regime for all deposit takers. Deposit takers are, broadly speaking, financial institutions that are in the business of "borrowing and lending money" in New Zealand as defined under the DTA. This includes banks and non-bank deposit takers (NBDTs). The regime aims to, among other things, promote the safety and soundness of each deposit taker and to promote public confidence in the financial system.    

Read the consultation paper

Deposit Takers Core Standards consultation paper (PDF, 2.5MB)