Today is a big day for the Australian-owned banks in New Zealand. The RBNZ launches its Bank Financial Strength Dashboard on 30 May, which it describes as its "most innovative step in transparency". Governor Adrian Orr says the regulator implores people to log on and learn about their bank and its competitors: "What capital buffer do they have, can they meet unexpected payments, and are they well rated by other global financial watchdogs?" And later today Orr appears before the Finance and Expenditure select committee along with the Financial Markets Authority's CEO to tell MPs about the response of banks to the 'please explain' letter sent following the first Hayne royal commission revelations. However, the pair have already met with Finance Minister Grant Robertson and consumer Affairs Minister Kris Faafoi, who released a statement saying they had seen "no evidence to date of the systemic problems that prompted the Australian inquiry but we are happy the RBNZ and FMA have a continuing programme of work".Robertson said he was "encouraged by the process they are undertaking in asking for assurances and evidence, and I reiterated that this was a matter I regard to be of serious importance to New Zealanders."We have agreed to meet with the RBNZ and FMA on a regular basis as their work programme develops," he said.