- will start this month
- may remove redundant rules, simplify framework
- will review prudential rules for banks and non- bank lenders
- won’t be a “severe pruning”
- review will not include rules covering insurance sector
- key planks such as capital adequacy, liquidity, risk management, governance are not in review
Reserve Bank of NZ dep gov on rtrs from a speech to the NZ Bankers Association and making no reference to monetary policy
Not going to have any impact on NZD.
