INDEPENDENT NEWS

Regulating The Financial Sector

Published: Thu 2 Aug 2012 11:03 AM
A bill setting up a regulatory regime for the finance sector will make progress in Parliament today.
After Question Time, MPs are due to hold the second reading debate on the Non-bank Deposit Takers Bill. This sets up a new prudential framework for institutions taking monetary deposits that are not classed as banks.
Last night’s estimate debate was adjourned with three hours and 40 minutes remaining.
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ParliamentToday.co.nz is a breaking news source for New Zealand parliamentary business featuring broadcast daily news reports.

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