NZQA registered unit standard
28361 version 1
Page 1 of 3
Title
Demonstrate understanding of the role of regulators and the diversity
of service providers in the banking sector
Level
5
Credits
5
Purpose
People credited with this unit standard are able to demonstrate
understanding of:
–
the role of the regulators responsible for the banking
sector, and
–
the differences between types of banking organisations.
Classification
Financial Services > Financial Services - Professional Practice
Available grade
Achieved
Explanatory notes
1
References
Financial Markets Authority Act 2011;
Reserve Bank of New Zealand Act 1989;
Industry codes of practice;
and all subsequent amendments and replacements.
2
Definitions
Bank, banking and derivatives of those terms – the range of organisations and
institutions that provide similar services and products, including registered banks and
non-bank lenders and deposit takers such as credit unions, finance companies,
building societies and other providers of similar services.
3
Range
Assessments requiring application or demonstration of skills and knowledge may be
performed using workplace evidence or evidence derived from simulation or scenario
based activities.
All activities must comply with legislation, regulations, and best practice, including
any guidance notes published by the agency responsible for the relevant enactment
or code.
Outcomes and evidence requirements
Outcome 1
Explain the role of relevant banking sector regulators.
The Skills Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
28361 version 1
Page 2 of 3
Evidence requirements
1.1
Explain the role of the Reserve Bank of New Zealand in terms of the regulation
of the banking sector.
1.2
Explain the role of the Financial Markets Authority in terms of the regulation of
the banking sector.
Outcome 2
Demonstrate understanding of the diversity of financial institutions operating in the banking
sector.
Evidence requirements
2.1
Outline the key differences between registered banks and non-bank lenders
and deposit takers.
2.2
Distinguish banks in terms of their ownership structure.
2.3
Outline different types of banks in terms of the type of customer they service
and the products and services they offer.
2.4
Distinguish different types of banks in terms of risks that arise from their
structure or business sector.
Planned review date
31 December 2017
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
19 February 2015
N/A
Consent and Moderation Requirements (CMR) reference
0003
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
The Skills Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
28361 version 1
Page 3 of 3
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing
to develop education and training programmes, such as minimum qualifications for tutors
and assessors, and special resource requirements.
Comments on this unit standard
Please contact The Skills Organisation reviewcomments@skills.org.nz if you wish to
suggest changes to the content of this unit standard.
The Skills Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016