The Reserve Bank of New Zealand is planning to reduce compliance burdens for banks and is currently reviewing the disclosure norms.RBNZ has been engaging with banks and other key stakeholders including analysts, consumer groups, journalists, the Retirement Commission and the Banking Ombudsman, and expects to hold a public consultation by the end of July. Any changes are expected to be made by the end of the year.Under the current norms, banks must publish a Key Information Summary and General Disclosure Statement every quarter, and a Supplementary Disclosure Statement containing details of any guarantees or overseas interests.