Reserve Bank of New Zealand welcomes next steps by global climate initiative
Source: Reserve Bank of New Zealand Release date 18 April 2019 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. “The report targets an issue of […]
Read More →Reserve Bank extends submission time for bank capital proposal
Source: Reserve Bank of New Zealand Release date 16 April 2019 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 five months.” “The Reserve Bank’s proposed […]
Read More →Director sentenced to community service for abuse of FSPR
Source: Financial Markets Authority Media releaseMR No. 2019 – 1816th April 2019 A New Zealand-based director of Morgan DeVere Corporate Finance Limited has been sentenced to 75 hours of community service for breaching the Financial Service Providers (Registration and Dispute Resolution) Act 2008. (FSP Act). The FMA alleges that the company stated it was registered […]
Read More →Consultation/reviews
Source: New Zealand Treasury: Use the filtering options to narrow your search for publications. See Publications for information about the categories of publications, and the types of publications grouped under each of them. Individual authors are only identified for selected publication types in the Research/commentary and Speeches categories. The key word search searches the descriptive […]
Read More →FMA files civil proceedings over trading in Oceania Natural
Source: Financial Markets Authority Media releaseMR No. 2019 – 1715 April 2019 The Financial Markets Authority (FMA) has issued civil proceedings in the High Court against four individuals in relation to trading in Oceania Natural Limited. (ONL) The proceedings relate to alleged breaches of market manipulation prohibitions and the disclosure obligations in the Financial Markets […]
Read More →NZ Super Fund excludes gun companies
Source: New Zealand Superannuation Fund Companies involved in the manufacture of civilian automatic and semi-automatic firearms, magazines or parts prohibited under New Zealand law have been excluded from the $41 billion NZ Super Fund. The move by the Guardians of New Zealand Superannuation, the Crown entity that manages the Fund, reflects the passing of the […]
Read More →Statement on ANZ v FMA Supreme Court judgment
Source: Financial Markets Authority Media releaseMR No. 2019 – 1612th April 2019 The FMA is pleased with the Supreme Court decision in the matter between ANZ and the FMA, released this morning. Now that the restrictions on confidentiality over these matters has been lifted, the FMA will be able to engage with the liquidation committee […]
Read More →NZ Super Fund seeks to capitalise on growing demand for data; invests up to US$115 million in North American data centres
Source: New Zealand Superannuation Fund The NZ Super Fund (the “Fund”) is seeking to capitalise on demand for digital infrastructure, underpinned by the growth in data, by investing up to US$115 million in North American data centres. The investment is being made alongside vehicles managed by CIM Group, a North American real estate and infrastructure […]
Read More →Reserve Bank seeking views on proposal to increase bank capital
Source: Reserve Bank of New Zealand Release date 11 April 2019 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 they can […]
Read More →Former CFO to pay $150,000, barred for Securities Markets Act breaches
Source: Financial Markets Authority Media release MR No. 2019 – 159th April 2019 Mark Stephen Talbot, a former virtual chief financial officer of VMob (now Plexure) will pay $150,000 in lieu of a penalty and is barred from acting as a director or manager of a listed business for 5 years. Mr Talbot has admitted to […]
Read More →RBNZ appoints Head of Financial Markets and Head of Economics / Chief Economist
Source: Reserve Bank of New Zealand Release date 09 April 2019 The Reserve Bank today announced two appointments to senior management roles. Vanessa Rayner has been appointed as Head of Financial Markets. Since joining the Bank in 2016, Ms Rayner has been an Adviser and Manager in the Financial Stability Group, including time leading the […]
Read More →New Zealand Leaders Stand Together
Source: Reserve Bank of New Zealand Media release from New Zealand Leaders Stand Together Emerging leaders seek support from NZ CEOs to foster inclusive and diverse workplaces following Christchurch mosque attacks. A group of emerging leaders has published a letter calling for CEOs and other leaders across the country to enable a better, safer and […]
Read More →Fake banknote spate in Canterbury
Source: Reserve Bank of New Zealand Release date 05 April 2019 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. “People need to check notes they receive over the counter using the look, feel, tilt technique,” […]
Read More →NZIER board appointments
Source: New Zealand Institute of Economic Research 04 April 2019 We are pleased to announce that Dr Dianne McCarthy, CRSNZ CNZM has been appointed as Chair of the NZIER board from 1 April 2019. We also welcome Grant Pryde to the board. Grant has been appointed to fill the vacancy left by Mr Walls and […]
Read More →Reserve Bank publishes in-depth information on proposal to increase bank capital
Source: Reserve Bank of New Zealand Release date 03 April 2019 The Reserve Bank of New Zealand today published additional background information on its proposal to increase the amount of capital that banks must hold. The Reserve Bank has proposed increasing the amount of capital banks must have, to ensure they can withstand financial and […]
Read More →The response to global hunger is tragically inadequate
Source: Oxfam New Zealand The “Global Report on Food Crises”, released today by the Food Security Information Network, says that more than 113 million people across 53 countries experienced acute hunger and required urgent food, nutrition and livelihoods assistance in 2018. Reacting to the news, Oxfam France’s Executive Director Cécile Duflot, said: “We live in […]
Read More →Overseas Investment Act 2005 – Phase One Review Policy Advice (2017/18)
Source: New Zealand Treasury: 31-10-2017 100 Day Commitment: Banning Overseas Speculators from Buying Existing Houses Page 32https://treasury.govt.nz/sites/default/files/2018-03/res-land-release.pdf 07-11-2017 Banning Overseas Buyers of Existing Homes: Detailed Design Proposals Page 79https://treasury.govt.nz/sites/default/files/2018-03/res-land-release.pdf 10-11-2017 Banning Overseas Buyers of Existing Homes: Further Detailed Design Proposals Page 108https://treasury.govt.nz/sites/default/files/2018-03/res-land-release.pdf 17-11-2017 Banning Overseas Buyers of Existing Homes: Design Details Report #3 Page 139https://treasury.govt.nz/sites/default/files/2018-03/res-land-release.pdf […]
Read More →Pacific central bankers prioritise capital flows and climate change
Source: Reserve Bank of New Zealand Release date 03 April 2019 At a meeting in Auckland yesterday, the Governors of the nine central banks agreed a vision for the group to “collaborate to promote the prosperity and economic wellbeing of our member nations.” The governors started a project to explore how to improve access to, […]
Read More →Research and commentary
Source: New Zealand Treasury: Use the filtering options to narrow your search for publications. See Publications for information about the categories of publications, and the types of publications grouped under each of them. Individual authors are only identified for selected publication types in the Research/commentary and Speeches categories. The key word search searches the descriptive […]
Read More →The Treasury
Source: New Zealand Treasury: Use the filtering options to narrow your search for publications. See Publications for information about the categories of publications, and the types of publications grouped under each of them. Individual authors are only identified for selected publication types in the Research/commentary and Speeches categories. The key word search searches the descriptive […]
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