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Information release

Deposit Insurance and Open Bank Resolution Information Release

Issue date: 
Wednesday, 7 August 2013
Status: 
Current
Corporate author: 

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

The release documents listed here are available in Adobe PDF format only. HTML versions can be supplied on request by Information Services at the Treasury.
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

Last updated: 
Wednesday, 7 August 2013