WebCurrently, The NZ ledger exists in Westpac Oracle GL in Australia . As part of RBNZ’s BS11 Policy, Westpac New Zealand Limited needs to remediate all existing outsourcing arrangements. My primary focus was to assess the business and translating business requirements into technical artifacts. WebThe RBNZ has issued revised conditions of registration which are effective from 1 October 2024. The new conditions refer to a revised version of the RBNZ’s BS11: Outsourcing Policy. Directorate Ian Cameron Blair was appointed as a director on 31 July 2024. Alistair Bruce Ryan was appointed as a director on 1 August 2024.

BS11: OUTSOURCING POLICY FOR REGISTERED BANKS

WebConfirm that the outsourcing arrangement includes the prescribed contractual terms required under B2.9(2) (in summary, continuation in statutory management and access … WebTHE REVIEW OF THE OUTSOURCING POLICY FOR REGISTERED BANKS . ASB wishes to reiterate the concerns outlined in the joint bank submission in relation to the Reserve … iphone 7 flashing on and off

BS11 Impacts and its IT Implications HCLTech - HCL Technologies

WebRelevantly, for some banks, the RBNZ’s BS11: Outsourcing Policy includes an assessment of the supplier’s BCP and DR so that use of their services does not adversely affect a bank’s ability to carry on all or part of their business. Some of the information requested by the return therefore creates a duplicative effort for relevant banks. WebRBNZ BS11 Outsourcing Policy Sep-23 RBNZ BS8 Risk weights and Mutuals (technical changes) Est. Jul 23 RBNZ Capital Review: Dual reporting comes into effect Q3 2024 RBNZ Capital Buffers: D-SIB buffer increases from 1% to 2% 1-Jul-23 RBNZ Capital Buffers: Minimum Tier 1 capital requirement increases from 6% to 7% 1-Jul-24 RBNZ WebThe Reserve Bank of New Zealand (RBNZ) is the prudential regulator of financial institutions in New Zealand. RBNZ oversees banks, insurers, and non-bank deposit-takers. In April … iphone 7 fingerprint scanner