Business Scoop
Network

 

Reserve Bank Retains Some Dividend Restrictions And Expects Banks To Be Prudent

Press Release – The Reserve Bank of New Zealand

The Reserve Bank of New Zealand – Te Ptea Matua – is easing the dividend restrictions placed on retail banks at the height of the COVID-19 pandemic. The changes will allow banks to pay up to a maximum of 50% of their earnings as dividends to their shareholders. … Read more »

RBNZ Takes Action Over Weaknesses In Westpac NZ’s Risk Governance

Press Release – Reserve Bank

The Reserve Bank of New Zealand – Te Ptea Matua has raised concerns around Westpac New Zealands risk governance processes and has instructed the bank to commission two independent reports to address them. We have experienced ongoing compliance … Read more »

Latest Statistics Update

Press Release – Reserve Bank

The RBNZ has further updated our statistics release calendar to reinstate publications throughout March and April. We continue to return towards our normal schedule for banking and other financial data. We can now confirm a new publication date for the … Read more »

Reserve Bank’s Payment And Settlement Systems Win International Award

Press Release – Reserve Bank

The Reserve Bank of New Zealand – Te Ptea Matua has been named the winner of the Payments and Market Infrastructure (Wholesale) Award at the Central Banking Publications annual awards . The award was given in recognition of the Reserve Banks … Read more »

Minding Our Business: Drivers Of New Zealand Business Investment Over The Last 20 Years

Press Release – The Reserve Bank of New Zealand

This Analytical Note aims to understand the drivers of business investment in New Zealand over the past 20 years. Business investment is important because it is a significant component of New Zealands economy and a key determinant of our economys … Read more »

Some Temporary Liquidity Facilities To Be Removed

Press Release – Reserve Bank

The Reserve Bank Te Ptea Matua today announced that it will be removing some of the temporary liquidity facilities put in place during the COVID-19 pandemic. The specific measures include: The removal of the Term Auction Facility (TAF) where … Read more »

Insurance Solvency Standards Refined By Feedback

Press Release – Reserve Bank

The Reserve Bank of New Zealand Te Ptea Matua has released its decisions in response to submissions received on the Insurance Solvency Standards Principles and Timeline consultation launched late last year. The Reserve Bank commenced the Insurance … Read more »

Some Policy Lessons From A Year Of COVID-19

Press Release – Reserve Bank

The Reserve Bank of New Zealand Te Ptea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing … Read more »

How Are Policymakers Dealing With Red-Hot Property Bubble?

Press Release – Kalkine

Summary The government and the Reserve Bank are leaving no stone unturned to calm the overheating housing market fuelled by record-high property prices. The policymakers are adopting various methods to tackle the housing crisis, like adding housing to … Read more »

Funding And Reserving Canterbury Earthquake Insurance Claims

Press Release – Reserve Bank

The 2010-11 Canterbury earthquakes are by far the most costly insurance event in New Zealands history with estimated property insurance claims costs of around $38 billion, and remain one of the most significant globally. The Funding and reserving … Read more »

Robertson Adopts ACT Policy

Press Release – ACT New Zealand

Four months ago ACT suggested the Reserve Bank should be made to use monetary policy to impact house price inflation and today the Government agreed, says ACT Housing spokesperson Brooke van Velden. ACT led this debate, followed by the National … Read more »

RBNZ Supports Focus On Housing

Press Release – The Reserve Bank of New Zealand

The Reserve Bank Te Ptea Matua welcomes the direction it has received today from the Minister of Finance. The Bank is tasked with considering how it can contribute to the Governments housing policy objectives, consistent with its financial stability … Read more »

Next Page »