Business Scoop


Westpac on RBNZ capital proposals

Article – BusinessDesk

Westpac says RBNZ capital proposals would add $6,000 p.a. to an Auckland mortgage Read more »

XE Morning Update – May 24, 2019

Press Release – XE Morning Update

The NZD opens up at 0.6519 Read more »

INFINZ says RBNZ bank capital proposals lack analysis

Article – BusinessDesk

May 23 (BusinessDesk) – The Reserve Bank has provided insufficient material and analysis of its dramatic bank capital proposals, and they warrant a level of scrutiny proportionate to the magnitude and breadth of its potential impacts on the wider … Read more »

Relaxing of borrowing constraint welcome, but more needed

Press Release – New Zealand Council of Trade Unions

“The announcement by the Minister of Finance that the Government was moving from a rigid 20% debt target to a range between 15% and 25% is welcome,” CTU Economist Bill Rosenberg says. “At a time when interest rates are low it makes absolute sense … Read more »

Lawyers, Accountants, Estate Agents and Suspicious Activity

Press Release – Asia Pacific AML

Suspicious activity reports (SARs) are a key source of information which the New Zealand Financial Intelligence Unit (FIU) use to enhance the detection of criminal offences through a transaction, a service, or series of transactions and/or services. … Read more »

NZ-owned banks says capital proposals will make it harder

Article – BusinessDesk

May 23 (BusinessDesk) – New Zealands smaller, locally-owned banks want the Reserve Bank to go further in leveling the competitive playing field between them and the big four Australian-owned banks. Read more »

BitPrime Cryptocurrency Price Update

Press Release – BitPrime

Cryptocurrency Market Market capitalisation yesterday: NZD$377,854,006,609 Market capitalisation today: NZD$377,568,539,700 Change: -0.08% Read more »

INFINZ awards recognize excellence in NZ finance and capital

Press Release – INFINZ

The 2019 INFINZ Awards were celebrated on Wednesday 22 May at a gala black-tie dinner at The Cordis Hotel in Auckland. More than 740 guests enjoyed an evening to celebrate excellence in the financial and capital markets eco-system in New Zealand. The Awards … Read more »

The NZD opens at 0.6497

Press Release – XE Morning Update

Pretty quiet last 24 hours, with the Kiwi trading in tight ranges. We do however open under 0.6500, which psychologically is not going to be nice for importers to wake up to. NZ retail sales very slightly beat expectations yesterday, but not enough … Read more »

Loan-to-value restrictions effective but have some drawbacks

Article – BusinessDesk

Loan-to-value restrictions effective but have some drawbacks – RBNZ Read more »

Banking Ombudsman Scheme retains high levels of awareness

Press Release – Banking Ombudsman

The Ministry of Business, Innovation and Employment has today released the results of a survey it conducts every two years to find out what New Zealanders know about their consumer rights and how to deal with consumer problems. The survey has confirmed … Read more »

LVR restrictions promote financial stability

Press Release – Reserve Bank

The Reserve Bank has undertaken a detailed evaluation of Loan-to-Value Ratio restrictions (LVR) as part of a wider review of macroprudential policy. Read more »

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