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Open Bank Resolution - the New Zealand response to a global challenge

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The Reserve Bank supervises registered banks with the objective of promoting the maintenance of a sound and efficient financial system and avoiding significant damage to the financial system from the failure of a bank. In recent years, the Reserve Bank has been working on the implementation of the Open Bank Resolution (OBR) policy as an option for responding to a bank failure to minimise the costs and disruption to the financial system and the wider economy, while minimising the cost to the taxpayer. This is a key issue for supervisors worldwide following the global financial crisis. This article assesses the framework in New Zealand against the global standards that are driving developments in other jurisdictions.

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  • Kevin Hoskin & Noemi Javier, 2013. "Open Bank Resolution - the New Zealand response to a global challenge," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 76, pages 12-18, March.
    • Handle: RePEc:nzb:nzbbul:mar2013:02
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    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2013/2013mar76-1hoskinjavier.pdf
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