BRIEF-RBNZ Announces Key Decisions On Review Of Policy For Branches Of Overseas Banks

Reserve Bank of New Zealand: * ANNOUNCES KEY DECISIONS ON REVIEW OF POLICY FOR BRANCHES OF OVERSEAS BANKS

* OBJECTIVE OF REVIEW IS TO CREATE SIMPLE, COHERENT & TRANSPARENT POLICY FRAMEWORK FOR BRANCHES THAT PROTECTS, PROMOTES FINANCIAL STABILITY * KEY DECISIONS IN BRANCH REVIEW INCLUDE RESTRICTING ALL BRANCHES IN NEW ZEALAND TO ENGAGING IN WHOLESALE BUSINESS

* KEY DECISIONS IN BRANCH REVIEW INCLUDE LIMITING MAXIMUM SIZE OF A BRANCH TO NZ$15 BILLION IN TOTAL ASSETS Further company coverage: