Bank of Queensland has handed ME Bank’s banking licence back to APRA, after completing the transfer of all assets and liabilities from ME to BOQ. BOQ completed its A$1.3 billion acquisition of ME last July. It plans to retain the brand. Douugh, a developer of personal financial management apps, has signed with TrueLayer, a Consumer Data Right accredited data recipient, to access open banking data. Douugh will be a CDR representative of TrueLayer, enabling it to incorporate customer account data in its app. The move paves the way for the company to develop its business in Australia; since launching at the end of 2020 it has done most of its business overseas. The Reserve Bank of NZ has launched consultation on proposed changes to its liquidity policy for registered banks. “Although we believe our existing liquidity policy remains broadly fit for purpose, it has not been comprehensively reviewed since it was implemented in 2010. Since that time, an international liquidity framework has been developed and implemented overseas,” said Deputy Governor and General Manager of Financial Stability Christian Hawkesby. “Moving forward, we plan to consider whether our liquidity policy should also capture banks that are operating in New Zealand as branches, and, in due course, how it should apply to a broader set of deposit takers under the upcoming Deposit Takers Act.”