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Reserve Bank and NZX in talks on potential joint venture

Posted in News

The Reserve Bank of New Zealand announced this morning that it was in talks with the NZX to determine the feasibility of the two jointly providing the clearing and settlement functions of the two organisations.

Here is the brief announcement from the RBNZ:

The Reserve Bank of New Zealand and NZX today announced they are engaged in discussions on a potential joint venture to provide Clearing and Settlement services in New Zealand.

As a first step the Bank and NZX will undertake a review to determine the feasibility of jointly providing the clearing and settlement functions of the two organisations.

The Reserve Bank and NZX will update the market when further information is available.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

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