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Further details on response to Commerce Commision

Simon Smith made this Official Information request to Reserve Bank of New Zealand

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From: Simon Smith

Dear Reserve Bank of New Zealand,

Kia Ora,

I write regarding your recent press release regarding the Commerce Commissions "Market Study into personal banking services"

Please share any internal correspondence that helped formulate the part of the response related to capital settings for banks, and how they vary between large (big 4) and smaller banks

Yours faithfully,

Simon Smith

Link to this

From: RBNZ Info
Reserve Bank of New Zealand

Kia ora, 

  

Thank you for contacting the Reserve Bank of New Zealand - Te Pūtea
Matua.  

Please note that this is an automatic reply to acknowledge that we have
received your email. We aim to respond to you in 14-21 working days. In
the meantime please read our frequently asked questions below. 

 

Upcoming Monetary Policy Announcements  

See all the Monetary Policy Announcement and Financial Stability Report
dates for 2024 [1]here.  

 

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We’ll be in touch as soon as possible. 

Kind regards | Ngā mihi nui 

Reserve Bank of New Zealand – Te Pūtea Matua     

2 The Terrace, Wellington 6011. PO Box 2498, Wellington 6140         
 
T + 04 471 3660  

E [29][RBNZ request email]   W [30]rbnz.govt.nz  

 

 

 

This message (and any files transmitted with it) are confidential and may
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Link to this

From: Ministerial correspondence Mailbox
Reserve Bank of New Zealand


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26/04/2024

 

 

Simon Smith

[1][FOI #26535 email]

 

Dear Simon

 

Official information request for internal correspondece regarding Commerce
Comissions press release

Thank you for your official information request of 24/04/2024 for:

 

I write regarding your recent press release regarding the Commerce
Commissions "Market Study into personal banking services"

 

Please share any internal correspondence that helped formulate the part of
the response related to capital settings for banks, and how they vary
between large (big 4) and smaller banks

 

We will endeavour to respond to your request as soon as possible and in
any event no later than 23/05/2024, being 20 working days after the day of
your request. If we are unable to respond to your request by then, we will
notify you of an extension of that timeframe.

 

Charges for providing official information and publishing responses

The Official Information Act allows charges to be imposed for the
preparation of information that we send in response to requests. The
Reserve Bank is resourced to meet disclosure obligations for a reasonable
level of requests and generally will not impose charges for small, simple
or infrequent requests. Where the request is for information that requires
substantial collation, research and preparation work, and is chargeable,
we will work with you first to refine the request to a smaller scale or
scope that is less likely to involve charges.

 

Responses to official information requests are published on the Reserve
Bank’s website. We will confirm in our decision letter to you whether we
intend to publish our response to your request.

 

Further information about charges and publishing responses is available on
our website at
[2]www.rbnz.govt.nz/research-and-publications/official-information-requests.

 

 

Yours sincerely

Natalie Russo

Communications and Engagement Coordinator

Government and Industry Relations

  Reserve Bank of New Zealand –
Te Pūtea Matua

2 The Terrace, Wellington 6011.  
PO Box 2498, Wellington 6140
[5][IMG] [6][IMG] [7][IMG] [8][IMG] [9][IMG]
E
[3][email address]  
W [4]rbnz.govt.nz

 

 

This message (and any files transmitted with it) are confidential and may
be legally privileged. If you are not the intended recipient please notify
the sender immediately and delete this message from your system.

This message does not necessarily reflect the views of the Reserve Bank of
New Zealand. If the recipient has any concerns about the content of this
message they should seek alternative confirmation from the Reserve Bank of
New Zealand.

References

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7. https://www.youtube.com/user/reservebank...
8. https://www.facebook.com/ReserveBankofNZ
9. https://www.instagram.com/reservebankofnz/

Link to this

From: James Baigent
Reserve Bank of New Zealand


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Dear Simon,

 

Thank you for your Official Information Act Request of 24 April 2024
requesting any internal correspondence that helped formulate the part of
the response [to the Commerce Commission] related to capital settings for
banks, and how they vary between large (big 4) and smaller banks.

 

The information in scope of your request has been identified, however,
consultations are necessary to make a decision on the request. Therefore,
we are notifying you of an extension of the timeframe for our response to
Thursday 30^th May. This extension is notified under Section 15(a) of the
Official Information Act 1982.

 

We will make endeavours to send you a response to your request before that
date.

 

Regards,

James

 

James Baigent

Senior Government and Industry Relations Advisor

Reserve Bank of New Zealand –
Te Pūtea Matua

2 The Terrace, Wellington 6011.
PO Box 2498, Wellington 6140  

T + 04 463 4507 [3][IMG] [4][IMG] [5][IMG] [6][IMG] [7][IMG]

E
[1][email address]  
W [2]rbnz.govt.nz

 

 

From: Ministerial correspondence Mailbox <[email address]>
Sent: Friday, April 26, 2024 9:01 AM
To: [FOI #26535 email]
Cc: Ministerial correspondence Mailbox <[email address]>
Subject: Acknowledgement of OIA request

 

26/04/2024

 

 

Simon Smith

[8][FOI #26535 email]

 

Dear Simon

 

Official information request for internal correspondece regarding Commerce
Comissions press release

Thank you for your official information request of 24/04/2024 for:

 

I write regarding your recent press release regarding the Commerce
Commissions "Market Study into personal banking services"

 

Please share any internal correspondence that helped formulate the part of
the response related to capital settings for banks, and how they vary
between large (big 4) and smaller banks

 

We will endeavour to respond to your request as soon as possible and in
any event no later than 23/05/2024, being 20 working days after the day of
your request. If we are unable to respond to your request by then, we will
notify you of an extension of that timeframe.

 

Charges for providing official information and publishing responses

The Official Information Act allows charges to be imposed for the
preparation of information that we send in response to requests. The
Reserve Bank is resourced to meet disclosure obligations for a reasonable
level of requests and generally will not impose charges for small, simple
or infrequent requests. Where the request is for information that requires
substantial collation, research and preparation work, and is chargeable,
we will work with you first to refine the request to a smaller scale or
scope that is less likely to involve charges.

 

Responses to official information requests are published on the Reserve
Bank’s website. We will confirm in our decision letter to you whether we
intend to publish our response to your request.

 

Further information about charges and publishing responses is available on
our website at
[9]www.rbnz.govt.nz/research-and-publications/official-information-requests.

 

 

Yours sincerely

Natalie Russo

Communications and Engagement Coordinator

Government and Industry Relations

Reserve Bank of New Zealand –
Te Pūtea Matua

2 The Terrace, Wellington  
6011. PO Box 2498, Wellington
6140 [12][IMG] [13][IMG] [14][IMG] [15][IMG] [16][IMG]

E
[10][email address]
W [11]rbnz.govt.nz

 

 

This message (and any files transmitted with it) are confidential and may
be legally privileged. If you are not the intended recipient please notify
the sender immediately and delete this message from your system.

This message does not necessarily reflect the views of the Reserve Bank of
New Zealand. If the recipient has any concerns about the content of this
message they should seek alternative confirmation from the Reserve Bank of
New Zealand.

References

Visible links
1. mailto:[email address]
2. https://www.rbnz.govt.nz/
3. https://nz.linkedin.com/company/reserve-...
4. https://twitter.com/reservebankofnz
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6. https://www.facebook.com/ReserveBankofNZ
7. https://www.instagram.com/reservebankofnz/
8. mailto:[FOI #26535 email]
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10. mailto:[email address]
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14. https://www.youtube.com/user/reservebank...
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16. https://www.instagram.com/reservebankofnz/

Link to this

From: Ministerial correspondence Mailbox
Reserve Bank of New Zealand


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Dear Simon

 

Further to our email of 17 May 2024, we are now notifying you of a change
to the extension timeframe to provide you a decision on your request. We
are now extending your request by a total of 10 working days, to 7 June
2024.

 

This extension is necessary because consultations necessary to make a
decision on your request are such that a proper response cannot reasonably
be made within the original time limit.

 

This notification is being made within 20 working days after the day on
which the request was received. While this extension is longer that was
initially notified on 17 May 2024, we will still provide you a response as
soon as reasonably practicable, before the new due date of 7 June 2024 if
possible.

 

Yours sincerely

 

Government and Industry Relations

Reserve Bank of New Zealand – Te Pūtea [2]Text Description automatically
Matua generated

2 The Terrace, Wellington 6011. PO Box    
2498, Wellington 6140

W [1]rbnz.govt.nz

 

 

This message (and any files transmitted with it) are confidential and may
be legally privileged. If you are not the intended recipient please notify
the sender immediately and delete this message from your system.

This message does not necessarily reflect the views of the Reserve Bank of
New Zealand. If the recipient has any concerns about the content of this
message they should seek alternative confirmation from the Reserve Bank of
New Zealand.

References

Visible links
1. https://www.rbnz.govt.nz/

Link to this

From: Ministerial correspondence Mailbox
Reserve Bank of New Zealand


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Attachment 240607 Letter to Simon Smith notifying decision on OIA request.pdf
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Good afternoon Simon,

 

Please see the attached letter, notifying you of the Reserve Bank of New
Zealand’s decision on your Official Information Act request.

 

Many thanks,
James

 

James Baigent

Senior Government and Industry Relations Advisor

Reserve Bank of New Zealand –
Te Pūtea Matua

2 The Terrace, Wellington 6011.
PO Box 2498, Wellington 6140  

T + 04 463 4507 [3][IMG] [4][IMG] [5][IMG] [6][IMG] [7][IMG]

E
[1][email address]  
W [2]rbnz.govt.nz

 

 

This message (and any files transmitted with it) are confidential and may
be legally privileged. If you are not the intended recipient please notify
the sender immediately and delete this message from your system.

This message does not necessarily reflect the views of the Reserve Bank of
New Zealand. If the recipient has any concerns about the content of this
message they should seek alternative confirmation from the Reserve Bank of
New Zealand.

References

Visible links
1. mailto:[email address]
2. https://www.rbnz.govt.nz/
3. https://nz.linkedin.com/company/reserve-...
4. https://twitter.com/reservebankofnz
5. https://www.youtube.com/user/reservebank...
6. https://www.facebook.com/ReserveBankofNZ
7. https://www.instagram.com/reservebankofnz/

Link to this

From: James Baigent
Reserve Bank of New Zealand


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Attachment 240610 Official Information Act Response Letter Simon Smith FYI.pdf
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Attachment 240607 Official Information Act response Simon Smith 2324 077 Redacted 003.pdf
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Good afternoon Simon,

 

Please see the attached response to your Official Information Act request.

 

Many thanks,
James

 

James Baigent

Senior Government and Industry Relations Advisor

Reserve Bank of New Zealand –
Te Pūtea Matua

2 The Terrace, Wellington 6011.
PO Box 2498, Wellington 6140  

T + 04 463 4507 [3][IMG] [4][IMG] [5][IMG] [6][IMG] [7][IMG]

E
[1][email address]  
W [2]rbnz.govt.nz

 

 

 

From: Ministerial correspondence Mailbox
Sent: Friday, June 7, 2024 12:48 PM
To: [8][FOI #26535 email]
Cc: Ministerial correspondence Mailbox <[9][email address]>
Subject: Notification of Decision on OIA request

 

Good afternoon Simon,

 

Please see the attached letter, notifying you of the Reserve Bank of New
Zealand’s decision on your Official Information Act request.

 

Many thanks,
James

 

James Baigent

Senior Government and Industry Relations Advisor

Reserve Bank of New Zealand – Te
Pūtea Matua

2 The Terrace, Wellington 6011.
PO Box 2498, Wellington 6140  

T + 04 463 4507 [12][IMG] [13][IMG] [14][IMG] [15][IMG] [16][IMG]

E
[10][email address]  
W [11]rbnz.govt.nz

 

 

This message (and any files transmitted with it) are confidential and may
be legally privileged. If you are not the intended recipient please notify
the sender immediately and delete this message from your system.

This message does not necessarily reflect the views of the Reserve Bank of
New Zealand. If the recipient has any concerns about the content of this
message they should seek alternative confirmation from the Reserve Bank of
New Zealand.

References

Visible links
1. mailto:[email address]
2. https://www.rbnz.govt.nz/
3. https://nz.linkedin.com/company/reserve-...
4. https://twitter.com/reservebankofnz
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6. https://www.facebook.com/ReserveBankofNZ
7. https://www.instagram.com/reservebankofnz/
8. mailto:[FOI #26535 email]
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10. mailto:[email address]
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15. https://www.facebook.com/ReserveBankofNZ
16. https://www.instagram.com/reservebankofnz/

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