Here are the latest basel 3 requirements outlining hoops that must be jumped through for all new banks.
http://www.rbnz.govt.nz/finstab/bank...on/3564868.pdf
I draw your attention to Clause 10(c) amongst the information the Reserve Bank need to have on record.
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10(c) Financial accounts for the parent company or bank for the last 3 years.
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Since Heartland have only existed since the second half of last year, I think this means we can rule out registration of HNZ as a bank for about three years.
SNOOPY