2026 Banking Prudential Requirements (BPRs) exposure drafts

Results updated 28 Jul 2026

In April 2026, we sought feedback on exposure drafts of changes to the Banking Prudential Requirements (BPRs), to implement some of the decisions from the 2025 Review of Key Capital Settings. Read about the review on the RBNZ website.

We received 12 submissions on the exposure drafts. Thank you to those who participated in the consultation. On 28 July 2026, we published a summary of submissions and our decisions, copies of the submissions, and the updated BPRs. We also published a Regulatory Impact Statement on implementing these decisions through updated BPRs in advance of including them in the Capital Standard under the Deposit Takers Act 2023 (DTA).

The Summary of Submissions and Decisions document explains the feedback we received from submitters and the changes we have made in response to this. The main changes from the exposure drafts include:

• The addition of a transition period to implement the changes (more details below).
• The Farm Lending discount factors have been reduced.
• A secondary definition has been added to the SME definition.

Read the summary of submissions and our decisions (PDF, 534KB)
Read all submissions (PDF, 4MB)

Read the Regulatory Impact Statement (PDF, 484KB)

Updated BPRs with changes tracked

The following are marked-up versions of the 6 updated BPRs for easier comparison with both the previous BPRs and the exposure drafts:

BPR110: Capital definitions (PDF, 985KB)
BPR120: Capital adequacy process requirements (PDF, 745KB)
BPR130: Credit risk-weighted assets overview (PDF, 576KB)
BPR131: Standardised credit risk-weighted assets (PDF, 1MB)
BPR133: Internal ratings-based credit risk-weighted assets (PDF, 1.13MB)
BPR001: Glossary (PDF, 632KB)

Final BPRs

All BPRs, including the final versions of the 6 updated BPRs, are available on the RBNZ website.

Go to the Capital and credit risk requirements page

Commencement transition period

Several submitters noted they would struggle to implement all the BPR changes by the 1 October 2026 deadline. We do not want to disadvantage banks that are ready to implement these changes from 1 October by delaying the commencement of the new rules. Therefore, we are allowing a transition period to provide banks more time and flexibility to implement these changes.

• From 1 October 2026: banks may use any of the new standardised credit risk weights.
• By 1 November 2026: banks must use the new Residential Mortgage Loan risk weights.
• By 1 April 2027: banks must use all the new standardised credit risk weights.

The transition period is not included in the BPR wordings but will be included in each bank’s Conditions of Registration.

Next steps

We expect to release the updated Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order 2014 to include the new risk weight categories after Cabinet consideration. We will release this and the updated capital satellite survey template incorporating these changes in the coming months.

We will consult directly with banks on updates to their Conditions of Registration to account for these BPR changes, including the transition period, in late August 2026.