RBNZ’s Orr tipped to stand pat

Article – BusinessDesk

RBNZ’s Orr tipped to stand pat and could signal hikes might take even longer Read more »

Bank conduct and culture review – on site visits

Press Release – Reserve Bank

The joint Financial Markets Authority and Reserve Bank review of conduct and culture in the New Zealand banking sector is progressing rapidly. Read more »

Time for the US Fed to deliver, again

Press Release – Kiwibank

Fed post: its time for the US Fed to deliver, again. And they will leave the RBNZ behind. Read more »

NZ First Welcomes Phase 2 of Reserve Bank Act Review

Press Release – New Zealand First Party

Deputy Leader of New Zealand First Fletcher Tabuteau welcomes the Terms of Reference for Phase 2 of the Review of the Reserve Bank Act released today by Finance Minister Grant Robertson. Read more »

‘No plans’ to separate monetary policy

Article – BusinessDesk

‘No plans’ to separate monetary policy and prudential supervision in Phase 2 of RBNZ review Read more »

Reserve Bank Act Review – Terms of Reference for Phase 2

Press Release – New Zealand Government

Hon Grant Robertson Minister of Finance 7 June 2018 PNUI PPHO MEDIA STATEMENT Reserve Bank Act Review Terms of Reference for Phase 2 released The Terms of Reference for Phase 2 of the Review of the Reserve Bank Act were released today by … Read more »

High Court will now hear RBNZ’s application to liquidate CBL

Article – BusinessDesk

Auckland High Court will now hear RBNZ’s application to liquidate CBL Insurance at end of July Read more »

CBL Insurance Hearing Date

Press Release – Reserve Bank

The Auckland High Court has set aside three days, starting 30 July, to hear the Reserve Bank of New Zealands application to liquidate CBL Insurance Limited (in interim liquidation). The hearing was originally set down for 5 and 6 June. Parties … Read more »

NZ dollar gains vs Aussie as RBA keeps rates low, GDP looms

Article – BusinessDesk

June 6 (BusinessDesk) – The New Zealand dollar gained against the Aussie after Australia’s central bank kept interest rates on hold as expected and said a return to targeted inflation is likely to be gradual. Read more »

RBNZ pulls out of scheduled CBL liquidation hearing

Article – BusinessDesk

June 5 (BusinessDesk) – The Reserve Bank of New Zealand withdrew from a scheduled liquidation hearing involving CBL Insurance slated to take place this week and has requested that the interim liquidation continue. Read more »

The Nation: Reserve Bank Governor Adrian Orr

Press Release – The Nation

Lisa Owen: Adrian Orr took up the role of Reserve Bank Governor in March this year after a long stint as chief executive of the New Zealand superannuation fund. Shortly after joining the reserve bank, he spoke about his frustration at the super fund … Read more »

So far no evidence of systemic misconduct by NZ banks

Article – BusinessDesk

May 30 (BusinessDesk) – New Zealand’s central bank and Financial Markets Authority so far haven’t seen any evidence of “systemic and widespread” misconduct in a review of New Zealand banks, FMA chief executive Rob Everett told parliament’s … Read more »

Financial Services Conduct and Culture Review

Press Release – Financial Markets Authority

The Reserve Bank of New Zealand (RBNZ) and the Financial Markets Authority (FMA) today briefed the Finance and Expenditure Select committee on the Australian Royal Commission (RC) into Misconduct in Banking, Superannuation and Financial Services … Read more »

RBNZ wants more time before making any changes to LVRs

Press Release – BusinessDesk

May 30 (BusinessDesk) – Credit growth has declined and house price inflation has stabilised in New Zealand but the central bank wants more time before it eases the loan-to-value restrictions any further. Read more »

Our Take – RBNZ May 2018 Financial Stability Report

Press Release – Kiwibank

A firm focus on financial market culture Review of the RBNZs Financial Stability Report (FSR), May 2018 Read more »

Banking culture in the spotlight

Press Release – The Reserve Bank of New Zealand

New Zealands financial system remains sound. The banking system holds sufficient capital and liquidity buffers, guided by our prudential regulatory requirements. These buffers reduce New Zealand banks exposure to adverse shocks. Read more »

HiFX Data Update – RBNZ Financial Stability Report Release

Press Release – HiFX

The RBNZ has just released its Financial Stability Report . The key points in report are: Read more »

FSC will engage constructively with regulators

Press Release – Financial Services Council

The Financial Services Council has welcomed the conduct letter from the Financial Markets Authority (FMA) and the Reserve Bank of New Zealand (RBNZ), and will engage in a transparent and constructive manner in providing the requested information. Read more »

Show us you’re clean: FMA, Reserve Bank letter to insurers

Article – BusinessDesk

May 24 (BusinessDesk) – Life insurance companies have less than a month to come up with information to reassure regulators that misconduct being unveiled by the Hayne Royal Commission in Australia isnt happening here – or is being addressed. Read more »

RBNZ needs to be more aggressive to shed gender imbalance

Article – BusinessDesk

May 24 (BusinessDesk) – The Reserve Bank needs to get “far more aggressive” to cast off a gender imbalance where 11 of the central bank’s 13-strong executive team are men, and the proportion of women in senior roles ranks alongside some of … Read more »

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