4 January 2018
Harry Smith, via FYI.org.nz
Email: [FYI request #7062 email]
Dear Mr Smith
The Reserve Bank of New Zealand has received your request, made under the terms of
section 12 of the Official Information Act (the OIA), seeking:
1. All internal communications, reports, recommendations and draft documents, relating
to the findings of the IMF Financial Sector Assessment Program (FSAP) reports,
including technical notes on Contingency Planning and Crisis Management Framework,
released in May 2017, and all communications with the IMF and Ministers of the Crown
in respect thereof.
2. All research, communications and recommendations in respect of Crown retail
deposit guarantees/insurance and wholesale bank guarantees since 1 January 2010.
3. All assessments, papers, advice (including internal and external legal advice), drafts
in respect of Open Bank Resolution (OBR), including required/proposed amendments
to the Reserve Bank of New Zealand Act 1989, and fulfilment of any
actions/recommendations determined by cabinet. This should include all working
papers in respect of the Regulatory Impact Assessments (RIA) for OBR and any
reassessment of that RIA as part of the revision of Financial Stability Department
document BS11 (Outsourcing Policy).
4. All information, reports, policies in respect of crisis management planning relating to
the failure of a large New Zealand bank, including scenario and strawman
assumptions.
5. Paper to Minister of Finance on additional funding required to implement FSAP
recommendations.
6. Paper to Minister of Finance seeking Cabinet approval to consult on OBR de minimis
model.
Subject to the provisions of the OIA, you will be notified of the outcome of your request as
soon as practicable, but not later than 13 February 2018, being 20 working days after the date
of receipt.
Yours sincerely
Roger Marwick
External Communications Advisor
2 The Terrace, PO Box 2498, Wellington 6140, New Zealand
Telephone 64 4 472 2029 Online a
t www.rbnz.govt.nz
