WebOct 5, 2024 · These guidelines set out MAS’ expectations of a financial institution that has an outsourcing arrangement or is planning to outsource its business activities to a service provider. The guidelines cover: Engagement with MAS on outsourcing. Sound practices on risk management of outsourcing arrangements. Cloud computing. WebServices for the purposes of BS11: Outsourcing Policy for Registered Banks Modifications (in green) and rationale (in blue) to the Pre-Approved Functions and Services below: 1. …
FI NANC I AL STATEMENT S - Kiwibank
WebBS11: OUTSOURCING POLICY FOR REGISTERED BANKS. Prudential Supervision Department Document BS11. Document version history. January 2006. First issue date March 2024. … Webto comply with this policy. (2) The Reserve Bank may require under conditions of registration other registered banks to comply with parts or all of this policy. (3) The standard … how to save 16 digit number in csv file
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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. WebLarge banks in New Zealand that outsource functions to related parties or third parties must comply with the Reserve Bank of New Zealand's (RBNZ) BS11: Outsourcing Policy (BS11). A large bank is defined as a registered bank that is incorporated in New Zealand and whose group liabilities (net of amounts owed to related parties) exceed NZD10 billion. WebZealand (RBNZ) on the Exposure draft for BS11: the Outsourcing Policy for Registered Banks (Exposure Draft), and commends the work that has gone into developing it. 4. If you would like to discuss any aspect of the submission further, please contact: Antony Buick-Constable Policy Director & Legal Counsel 04 802 3351 / 021 255 4043 how to save 15k