Emma Geard

Oct 15, 2024 | lexology.com | Scott Abel |Jan Etwell |Rebecca Green |Shane Johnstone |Simon Jensen |Andrew Suggate | +3 more

The Reserve Bank of New Zealand (RBNZ) has released a second round of consultation on its review of its access policy and criteria for participation in its Exchange Settlement Account System (ESAS). The consultation paper proposes access criteria that, in principle, would open access to ESAS to participants other than registered banks, such as non-bank deposit takers and payment service providers. This consultation will be of interest to any businesses considering applying for ESAS access.

Aug 21, 2024 | lexology.com | Emily Tyler |Susie Kilty |Tony Dellow |Emma Geard |Simon Jensen |Hugo Schwarz

"Time is of the essence. Open banking is lagging in New Zealand". This is the message behind the Commerce Commission's flurry of recent activity relating to Aotearoa's payments industry. The media release dominating headlines at the moment is the publication of the Commission's long-awaited final report on its market study into personal banking services.