2026 Banking Prudential Requirements (BPRs) exposure drafts

Overview

We have opened an exposure draft consultation to update the Banking Prudential Requirements (BPRs) for some of the decisions made as part of the 2025 Review of Key Capital Settings. The review decisions were announced on 17 December 2025.

Download the decision document (PDF, 686KB)

We are also incorporating a small number of BPR changes for earlier policy decisions for the capital standard that can be easily incorporated into the BPRs.

The consultation package includes:

  • a consultation paper explaining the changes we are looking to make to the BPRs, and
  • redlined exposure drafts of the following BPRs:
    • BPR110: Capital definitions
    • BPR120: Capital adequacy process requirements
    • BPR130: Credit risk RWAs overview
    • BPR131: Standardised credit risk RWAs
    • BPR133: IRB credit risk RWAs, and
    • BPR001: Glossary.

The consultation package also includes:

  • a redlined version of the Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order 2014 to include the new risk weight categories, and
  • an exposure draft of the amendment order that would give effect to these changes.

This is to ensure that the capital requirements and the related disclosure requirements are aligned.

Capital changes for non-bank depsosit takers (NBDTs)

We also intend to implement capital changes for non-bank deposit takers (NBDTs) in 2026 in advance of implementation of the Deposit Takers Act in 2028. The changes will include lower and more granular risk weights.

This process to update NBDT requirements will happen separately from this consultation. We intend to consult on the changes in the second quarter of 2026, before the changes commence later in 2026.

Consultation materials

Consultation document

April 2026 BPR exposure draft consultation paper (PDF, 384KB)

The updated banking prudential requirement exposure drafts

The updated disclosure order in council exposure draft

April 2026 Disclosure OIC locally incorporated amended (PDF, 479KB)

DRAFT Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order 2014 Amendment Order 2026 (PDF, 179KB)

Following the consultation period, we will review submissions and make changes to the BPRs or disclosure OIC if required. We intend to publish the finalised documents in July with these changes taking effect from 1 October 2026.

How to have your say

Send your submission to capitalreview@rbnz.govt.nz

Submissions will close at 5pm on 22 May 2026.

Closes 22 May 2026

Opened 13 Apr 2026