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Reserve Bank welcomes steps by global climate initiative

Press Release – Reserve Bank

The focus on climate and environmental risk by central banks globally is accelerating, with the release of a comprehensive report at the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) conference in Paris overnight. Read more »

ASB says RBNZ estimates of bank capital impact are too low

Article – BusinessDesk

April 16 (BusinessDesk) – ASB Bank says the likely impact of the Reserve Banks proposals to near double the minimum amount of capital banks must hold will be considerably higher than the central banks estimates. Read more »

Reserve Bank extends submission time for capital proposal

Press Release – Reserve Bank

Deputy Governor Geoff Bascand announced, We have extended the public submission date to May 17 for views on our proposal to increase minimum capital requirements for banks. The consultation process on this matter will now extend to approximately … Read more »

RBNZ shouldn’t protect consumers say former governors

Article – BusinessDesk

April 16 (BusinessDesk) – Three former Reserve Bank governors dont think consumer protection should be added to the central banks objectives. Read more »

Will improving global data reverse central bank dovishness?

Article – BusinessDesk

April 15 (BusinessDesk) – Recent global data and figures due out this week aren’t exactly backing the suddenly dovish stance of a number of central banks, including the United States’ Federal Reserve and New Zealand’s own Reserve Bank. Read more »

RBNZ seeking views on proposal to increase bank capital

Press Release – Reserve Bank

Just three weeks remain for people to share their thoughts about proposals to increase minimum bank capital levels and make the banking system safer. The Reserve Bank is consulting on proposals to increase the amount of capital banks must have, to ensure … Read more »

New OIA info points to scant RBNZ analysis

Article – BusinessDesk

April 11 (BusinessDesk) – Information released under the Official Information Act adds to the weight of evidence that there is scant analysis behind the central banks proposals to raise minimum bank capital requirements. Read more »

Former governors give limited support to deposit proposition

Article – BusinessDesk

Former RBNZ governors give limited support to bank deposit protection Read more »

RBNZ appoints new chief economist

Article – BusinessDesk

April 9 (BusinessDesk) – The Reserve Bank of New Zealand has appointed long-time employee Yuong Ha the new chief economist and head of economics. Read more »

RBNZ appoints Head of Financial Markets and Chief Economist

Press Release – Reserve Bank

The Reserve Bank today announced two appointments to senior management roles. Read more »

RBNZ hasn’t done cost-benefit analysis of capital proposals

Article – BusinessDesk

April 8 (BusinessDesk) – The Reserve Bank proposal to almost double the amount of capital the big four banks have to hold was made without undertaking a cost-benefit assessment of the change. Read more »

Fake banknote spate in Canterbury

Press Release – Reserve Bank

The Reserve Bank is urging Canterbury retailers to check banknotes’ security features after up to 50 counterfeits of different values were accepted at businesses over the past fortnight. Read more »

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