Tag: deposit_takers_act_2023
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Reserve Bank files DCS disclosure charge against Westpac New Zealand
RBNZ has filed a charge alleging Westpac New Zealand breached Depositor Compensation Scheme disclosure rules after its Custodian PIE product was missing from its DCS webpage for about 109 days.
BusinessLaw EnforcementBankingLegalFinancial Markets Reserve Bank of New ZealandWestpac New Zealand LimitedDepositor Compensation SchemeDeposit Takers Act 2023Kerry BeaumontCustodian PIEbanking regulation
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Reserve Bank Registers Revolut as New Zealand's 27th Bank
Revolut Bank New Zealand Limited has been registered to provide banking services in New Zealand, becoming the country's 27th registered bank after operating as a financial services provider since July 2023.
BusinessBankingFinancial MarketsLegal Revolut Bank New Zealand LimitedReserve Bank of New Zealandbank registrationScott McKinnonBanking (Prudential Supervision) Act 1989Deposit Takers Act 2023New Zealand banking