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RBNZ knock-back gives Resolution chance to low-ball AMP

Article – BusinessDesk

July 19 (BusinessDesk) – Resolution Life may be able to wrestle more than a billion dollars from the A$3.3 billion sale price of AMP’s life insurance business after a known risk came to fruition when the Reserve Bank of New Zealand didn’t play ball, … Read more »

KPMG says bank capital proposals will wreck havoc

Article – BusinessDesk

July 19 (BusinessDesk) – KPMG says the Reserve Banks bank capital proposals will lead to less bank lending to farmers and at significantly higher interest rates on the loans theyre prepared to provide. Read more »

RBNZ says no change in approach on AMP purchase

Article – BusinessDesk

July 18 (BusinessDesk) – The Reserve Bank says it hasnt changed its approach to applications for changes of ownership of life insurance companies and nor has there been any change in New Zealand insurance law or regulations since October 2018. Read more »

RBNZ’s key political omission in its bank capital proposals

Article – BusinessDesk

July 18 (BusinessDesk) – Motherhood and apple pie top most peoples lists of things that are unquestionably good. Read more »

RBNZ a ‘poor communicator’ – CBL’s Harris

Article – BusinessDesk

July 17 (BusinessDesk) – The Reserve Banks failure to communicate was a major stumbling block for failed insurer CBL Corp. Read more »

Reserve Bank Dashboard celebrates first year of operations

Press Release – Reserve Bank

Almost 38,000 visits have been made to the Reserve Banks Financial Strength Dashboard since it was launched a year ago. Read more »

UPDATE: RBNZ kyboshes AMP’s A$3.3 bln life business sale

Article – BusinessDesk

(Updates with share price details in the 7th par and adds details of investor expectations in second and third to last pars.) Read more »

RBNZ kyboshes AMP’s A$3.3 bln life business sale

Article – BusinessDesk

July 15 (BusinessDesk) – New Zealands Reserve Bank has put a spanner in the works of AMPs proposed A$3.3 billion sale of its Australian and New Zealand life and other wealth protection businesses to British-based Resolution Life Group. Read more »

The Reserve Bank Embraces the Future

Press Release – Reserve Bank

At a speech delivered in Auckland this morning to the Financial Services Institute of Australasia (FINSIA), Reserve Bank Governor Adrian Orr outlined the banks vision to be a great team and the best central bank. He also encouraged others to … Read more »

Q+A: Dr Alan Bollard and Cameron Bagrie interviewed by Tame

Press Release – TVNZ

Former Reserve Bank Governor Dr Alan Bollard was asked about the Reserve Banks proposed new capital requirements on Q+A tonight: Read more »

Review Highlights RBNZ Failures in Dealings with CBL

Press Release – Peter Harris

The RBNZ has failed its own report card as New Zealands insurance regulator. It lacked the experience and resources needed to carry out its role over a five year period. Read more »

RBNZ will have to be more sceptical in regulatory oversight

Article – BusinessDesk

July 4 (BusinessDesk) – Reserve Bank governor Adrian Orr says the prudential supervisor will have to be more sceptical in its oversight of the insurance and banking sectors given the lack of self-discipline shown in the CBL Insurance case. Read more »

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