Forward rates are also from the NBNZ
database and are recorded on the same basis.
Shortly after the Amendment Act was passed, the Reserve Bank applied some of the Act's provisions to the purchase by ANZ of NBNZ
. Pursuant to a new power in the Amendment Act, ANZ was required to obtain the Reserve Bank's consent to its purchase of NBNZ
Lloyds said it had reviewed NBNZ
and its prospects and had concluded that a sale was in the best interests of the group.
Given the systemic importance of NBNZ
and the RBNZ's local incorporation policy, under any sale scenario it is our expectation that the business undertakings of NBNZ
will remain on the balance sheet of a locally incorporated entity--i.e.
(13.) The 2001 survey includes the ANZ, BNZ, Deutsche Bank, NBNZ