The Customer and Product Data (Designations for Banking and Other Deposit Taking) Regulations designate the banking sector under the Customer and Product Data Act. The regulations enable and accelerate ‘open banking’, which is a system that enables banks’ customers to share their banking information with trusted third parties, such as fintechs. It also enables accredited persons to initiate payments on behalf of customers, if they have the customer’s authorisation.
This discussion document sought feedback on options for adjusting the regime to ensure that potential liabilities and reporting thresholds are appropriate and proportionate for the New Zealand context.
The Ministry of Business, Innovation, and Employment is seeking public feedback on possible regulatory changes to enable KiwiSaver providers to increase investment in private assets. We encourage feedback from KiwiSaver providers, the wider financial markets industry, and the public, including KiwiSaver members.
The Ministry of Business, Innovation, and Employment is seeking public feedback on potential adjustments to the climate-related disclosures regime. We encourage feedback from climate reporting entities, the wider financial markets industry and the public.
The Beveridge curve shows changes in matching between the demand for and supply of labour and reflects the business cycle. The time line shows the time series in sequence, starting with September 2007 and finishing with June 2015.
