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Source: New Zealand Treasury:

The Government has today released the third round of consultation for Phase 2 of the Review of the Reserve Bank Act on the regulation of deposit takers and the introduction of a deposit insurance scheme.

Everyone benefits from a stable financial system. This stage of the Review will ensure that the framework within which the banking sector is regulated and supervised enables the Reserve Bank to perform its role effectively.

The third round of public consultation is now open for submissions. Submissions close on 23 April 2020, and can be made using the forms provided on the page linked to below.