Deposit Insurance and Open Bank Resolution Information Release
Page updated 7 Aug 2013
The Treasury has released advice to Ministers relating to bank failure policies. The advice was prepared between the start of 2009 and late 2012 and is mainly focused on deposit insurance and the Open Bank Resolution. Some of the material released has been prepared with the Reserve Bank of New Zealand.
The Reserve Bank has also released advice to Ministers and Reserve Bank's internal Financial System Oversight Committee on deposit insurance and alternate resolution options to the Open Bank Resolution. This material is available on the Reserve Bank's information release page.
A high level summary of the Reserve Bank and the Treasury's advice, and the context in which it was provided, is outlined in a short summary note accompanying this information release.
The information provided here will fulfil the Official Information Act requests the Treasury has received in relation to advice to Ministers on deposit insurance and the Open Bank Resolution.
Some information in the documents has been withheld under sections of the Official Information Act. For more details see Information Withheld below. Please note that one document has been withheld in full to avoid prejudicing the entrusting of information to the Government of New Zealand on a basis of confidence by the Government of any other country or any agency of such a Government.
Documents
Using PDF Files
| Doc. Date | Creator | Title | View/Download |
|---|---|---|---|
| 19 Apr 2013 | New Zealand Treasury | Summary Note: Release of the Treasury and Reserve Bank's Advice on the Open Bank Resolution and Deposit Insurance Released 19 April 2013 |
diobr-note-19apr13.pdf (57 KB) |
| 22 Aug 2012 | New Zealand Treasury | Aide Memoire T2012/2074: Meeting with Governor of the Reserve Bank Released 19 April 2013 |
di-2428362.pdf (415 KB) |
| 12 Jun 2012 | New Zealand Treasury and Reserve Bank of New Zealand | Treasury/Reserve Bank of New Zealand Joint Report T2012/1183: Guarantees to the Banking Sector - when might these be considered? Released 19 April 2013 |
di-2369842.pdf (405 KB) |
| 15 May 2012 | New Zealand Treasury | Cabinet Committee Briefing: Open Bank Resolution (OBR) Policy Released 19 April 2013 |
di-2340405.pdf (24 KB) |
| 10 May 2012 | Office of the Minister of Finance | Memorandum to Cabinet Cabinet Economic Growth and Infrastruture Committee CAB101(09)web: Open Bank Resolution (OBR) Policy Released 19 April 2013 |
di-2282497.pdf (1758 KB) |
| 1 May 2012 | New Zealand Treasury | Aide Memoire: Open Bank Resolution: context and work plan summary Released 19 April 2013 |
di-2326633.pdf (596 KB) |
| 3 Apr 2012 | New Zealand Treasury | Aide Memoire: Open Bank Resolution Cabinet Paper Released 19 April 2013 |
di-2307618.pdf (399 KB) |
| 6 Mar 2012 | New Zealand Treasury | Aide Memoire: Dinner with Bank of New Zealand and National Australia Bank boards and senior management Released 19 April 2013 |
di-2284614.pdf (1758 KB) |
| 21 Dec 2011 | New Zealand Treasury and Reserve Bank of New Zealand | Treasury/Reserve Bank of New Zealand Joint Report T2011/2563: Progress Report on the Open Bank Resolution Released 19 April 2013 |
di-2205908.pdf (455 KB) |
| 21 Dec 2011 | New Zealand Treasury | Aide Memoire: Financial Stability in Banking Sector - Meeting 22 December Released 19 April 2013 |
di-2232054.pdf (394 KB) |
| 3 Nov 2011 | New Zealand Treasury | Aide Memoire: Reserve Bank consultation on implementing Basel III in New Zealand Released 19 April 2013 |
di-2202669.pdf (520 KB) |
| 16 Dec 2010 | New Zealand Treasury and Reserve Bank of New Zealand | Treasury/Reserve Bank of New Zealand Joint Report 4632: The Open Bank Resolution (OBR) scheme - proposed commications strategy Released 19 April 2013 |
di-1996934.pdf (1906 KB) |
| 18 Nov 2010 | Office of the Minister of Finance | Memorandum to Cabinet Cabinet Economic Growth and Infrastruture Committee: Deposit Insurance Released 19 April 2013 |
di-1935632.pdf (830 KB) |
| 18 Nov 2010 | Office of the Minister of Finance | Memorandum to Cabinet Cabinet Economic Growth and Infrastruture Committee: The Open Bank Resolution (OBR) Policy Released 19 April 2013 |
di-4222848.pdf (1583 KB) |
| 16 Nov 2010 | New Zealand Treasury and Reserve Bank of New Zealand | Treasury/Reserve Bank of New Zealand Joint Report: Cabinet Papers: Deposit Insurance and Open Bank Resolution Policy Released 19 April 2013 |
di-1955508.pdf (311 KB) |
| 5 May 2010 | New Zealand Treasury and Reserve Bank of New Zealand | Treasury/Reserve Bank of New Zealand Joint Report T2010/757: Deposit Insurance and Implicit Government Guarantee Released 19 April 2013 |
di-1793051.pdf (532 KB) |
| 12 Oct 2009 | New Zealand Treasury | Treasury Report T2009/2296: 2010 Review of Financial Market Regulation Released 19 April 2013 |
di-1368418.pdf (331 KB) |
| 2 Jun 2009 | New Zealand Treasury and Reserve Bank of New Zealand | Treasury/Reserve Bank of New Zealand Joint Report T2009/1350: Issues paper: Permanent arrangments after the retail deposit guarantee Released 19 April 2013 |
di-1281362.pdf (415 KB) |
| 28 Apr 2009 | New Zealand Treasury | Treasury Report T2009/1041: Irish Economy and Lessons for New Zealand Released 19 April 2013 |
di-1269192.pdf (950 KB) |
Information Withheld
Key to sections of the Official Information Act 1982 under which information has been withheld.
Certain information in these documents has been withheld under one or more of the following sections of the Official Information Act, as applicable:
- 6(2)(b)(i) - to avoid prejudicing the entrusting of information to the Government of New Zealand on a basis of confidence by the Government of any other country or any agency of such a Government
- 9(2)(a) -to protect the privacy of natural persons, including deceased people
- 9(2)(b)(ii) -to protect the commercial position of the person who supplied the information, or who is the subject of the information
- 9(2)(d) - to avoid prejudice to the substantial economic interests of New Zealand
- 9(2)(f)(iv) - to maintain the current constitutional conventions protecting the confidentiality of advice tendered by ministers and officials
- 9(2)(g)(i) – to maintain the effective conduct of public affairs through the free and frank expressions of opinion
- 9(2)(h) – to maintain legal professional privilege
In some cases information has been withheld because it is out of scope or not relevant to an Official Information Act request.
In preparing this Information Release, the Treasury has considered the public interest considerations in section 9(1) of the Official Information Act.
Contact for Media Enquiries
Angus Barclay | Senior Communications Advisor
Tel: +64 4 890 6146
Email: angus.barcley@treasury.govt.nz
