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Reserve Bank Act modernised to include focus on employment

Press Release – New Zealand Government

The Coalition Government is delivering on its promise to modernise the Reserve Bank Act, with legislation passed by Parliament today introducing a focus on employment outcomes alongside the current price stability mandate, Finance Minister Grant Robertson … Read more »

RBNZ chief economist McDermott leaving central bank

Article – BusinessDesk

Dec. 18 (BusinessDesk) – Reserve Bank chief economist John McDermott will be leaving the bank next year to join the economic research institute Motu as an executive director. Read more »

Reserve Bank aims for best regulatory relationships

Press Release – Reserve Bank

In a step toward achieving the best regulator-regulated relationships possible, the Reserve Bank (Te Putea Matua) has established a Relationship Charter for working effectively with banks. The Charter will also be discussed with insurers and non-bank … Read more »

Dr John McDermott to join Motu

Press Release – Reserve Bank

The Reserve Bank of New Zealands Chief Economist Dr John McDermott will be leaving the Bank next year to join the economic research institute Motu. Dr McDermott joined the Reserve Bank of New Zealand in June 2007, heading the Bank’s economic function. Read more »

Big four banks face stiffer capital requirements from RBNZ

Article – BusinessDesk

Dec. 14 (BusinessDesk) – The big four Australian-owned banks will have to hold on to more of their domestic earnings over the next five years if the Reserve Bank goes ahead with its proposal for stricter capital requirements. Read more »

Reserve Bank proposes bank owners bear greater risks

Press Release – Reserve Bank

Reserve Bank proposes that bank owners bear greater share of financial systems risks The Reserve Bank is consulting on a proposal to raise the level of capital that bank owners must contribute to their business. Insisting that bank shareholders … Read more »

Reserve Bank publishes climate change strategy

Press Release – Reserve Bank

The Reserve Bank today published a strategy focusing on how the Bank can contribute to efforts to mitigate the effects of climate change. Read more »

Orr says RBNZ still under-resourced

Article – BusinessDesk

Dec. 12 (BusinessDesk) – The Reserve Bank continues to be under-resourced, despite paying its third-biggest dividend this year, but the review of the Reserve Bank Act is currently looking at its funding model, governor Adrian Orr says. Read more »

RBNZ denies central bank exerted influence over CBLI

Article – BusinessDesk

Reserve Bank governor Adrian Orr batted away accusations that the central bank had exerted influence over CBL Insurances creditors to support them in its bid for liquidation. Read more »

RBNZ Senior Leadership Team appointment

Press Release – Reserve Bank

The Reserve Bank has appointed Patrick Hoerler to its Senior Leadership Team as Assistant Governor and General Manager of Business Operations. Read more »

Orr says Reserve Bank is looking for a ‘sweet spot’

Article – BusinessDesk

Nov. 30 (BusinessDesk) – Reserve Bank governor Adrian Orr says the central bank thinks theres a sweet spot in which it can require banks to hold more capital with no trade-off to efficiency. Read more »

Higher bank capital better for banking system and NZ

Press Release – Reserve Bank

We can improve the soundness of the New Zealand banking system by requiring banks to hold more capital with no trade-off to efficiency, Reserve Bank Governor Adrian Orr says. Read more »

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