{"id":611688,"date":"2026-09-25T20:06:23","date_gmt":"2026-09-25T20:06:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/611688\/"},"modified":"2026-09-25T20:06:23","modified_gmt":"2026-09-25T20:06:23","slug":"rbnz-seeks-report-on-tsbs-capital-and-liquidity-calculations","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/611688\/","title":{"rendered":"RBNZ seeks report on TSB\u2019s capital and liquidity calculations"},"content":{"rendered":"

The step taken by the Reserve Bank is known as a Section 95 notice, which relates to the relevant part of the act.<\/p>\n

It was taken after TSB advised of issues with the computation and reporting of its capital and liquidity ratios.<\/p>\n

A final report from Deloitte is due to the Reserve Bank in November.<\/p>\n

Section 95 notices are relatively rare, with only a handful being issued by the Reserve Bank over the last few years.<\/p>\n

In a statement to the NZX, Heartland chief executive Andrew Dixson said Heartland acknowledged the Section 95 notice and would consider any relevant findings from the independent review as they become available.<\/p>\n

\u201cWe take regulatory matters very seriously and will consider any relevant findings from the review, including any implications for the proposed transaction, as the review progresses.\u201d<\/p>\n

Dixson said Heartland continued to believe in the strategic opportunity available through the proposed transaction.<\/p>\n

However, the note to the NZX also said the proposal was subject to satisfaction of the remaining conditions, including Heartland shareholder approval, the TSB Material Adverse Change condition, and receipt of the necessary regulatory approvals.<\/p>\n

It said this means that, if the outcomes of the review were materially different to what is known today, the proposed transaction might not complete, even if Heartland shareholders had approved it.<\/p>\n","protected":false},"excerpt":{"rendered":"The step taken by the Reserve Bank is known as a Section 95 notice, which relates to the…\n","protected":false},"author":2,"featured_media":611689,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[95,138,117141,1288,55800,40922,49835,111,139,69,90,33011,1560,27950,285529],"class_list":["post-611688","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-and","tag-business","tag-calculations","tag-capital","tag-corin","tag-dann","tag-liquidity","tag-new-zealand","tag-newzealand","tag-nz","tag-on","tag-rbnz","tag-report","tag-seeks","tag-tsbs"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/611688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=611688"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/611688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/611689"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=611688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=611688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=611688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}