The Reserve Bank of New Zealand has finalised policy decisions aimed at a more efficient and a better disclosure regime, although it isn't clear whether this will lead to an improvement in overall disclosure.Most importantly, it isn't known how much uniformity there will be between information presented by different banks, and whether information for the same bank at different times will be easy to compare.The main change is that there will be a single quarterly disclosure statement that will be better than the current off-quarter disclosure statement, but which will not be as comprehensive as the half-yearly disclosure. In short, there will a cut-back in half-year disclosure and more details in the quarterly statement.   Thus, detailed information on credit impairment and liquidity risk provided in the half-year statement will get briefer, and information such as funding concentrations and interest rate re-pricing schedules will be dropped.Given half-year disclosure statement will get shorter, banks will be given two months to publish the GDS compared with three months currently given for the half-year. The only concession the RBNZ has agreed to make is that a bank may request an extension of up to three months.The RBNZ has also asked banks to ensure these statements are easily accessible on their websites and at least five years worth are available. This is an important change as some bank websites only show the current disclosure statement.Other improved disclosures relate to providing reconciliation tables half-yearly between various housing lending related figures, standardised disclosure of past-due assets, including less than 30 days overdue figures, and adding an on-demand maturity band to the maturity analysis in the liquidity risk disclosure.One area where the RBNZ's proposal did not find support was regarding off-quarter disclosures for standalone bank branches, which it said could be discontinued. Respondents said there was no clear rationale for distinguishing between standalone branches and dual-registered branches, so the RBNZ has decided to drop the proposal.