The Reserve Bank of New Zealand is responsible for promoting a sound and dynamic monetary and financial system in New Zealand. The Reserve Bank of New Zealand achieves this by monitoring and supervising the health of the financial system, overseeing and operating effective payment systems, maintaining currency and foreign reserves and providing effective support services to banks.
Google Cloud’s contracts for financial institutions in New Zealand can help to address the Reserve Bank of New Zealand’s requirements. We have also created mappings for both Google Cloud and Google Workspace to help you understand how we can support you with meeting the Reserve Bank of New Zealand’s requirements and assess us as an outsourced service provider. Google Cloud is committed to addressing these requirements regardless of how financial institutions choose to use our services.
Learn more about the key laws, regulations, and guidelines prescribed by the Reserve Bank of New Zealand.
Learn more about the BS11 Outsourcing Policy and how Google Cloud can help support your Reserve Bank of New Zealand compliance efforts.
The BS11 Outsourcing Policy addresses the Reserve Bank of New Zealand’s expectations when a bank enters into an outsourcing arrangement. The BS11 Outsourcing Policy provides specific guidance on the prescribed contractual terms banks must include in their outsourcing arrangements, these include: audit rights, business continuity, security, termination and subcontracting provisions.
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