Consultation on new mortgage bond standard extended and loan template published
Source: Reserve Bank of New Zealand Release date 15 February 2019 The Reserve Bank is extending the consultation period for the proposed mortgage bond standard. The new standard is aimed at supporting confidence and liquidity in the New Zealand markets. Consultation began in November. Following requests from stakeholders, the Reserve Bank has extended the consultation […]
Read More →New RBNZ monetary policy committee remit reiterates focus on price stability and employment
Source: Reserve Bank of New Zealand Release date 14 February 2019 News release issued by the Minister of Finance The Coalition Government’s plan to reform and modernise the Reserve Bank Act experienced an important milestone today, Finance Minister Grant Robertson says. Grant Robertson and Reserve Bank Governor Adrian Orr today signed the first ‘remit’ setting […]
Read More →Biggest-ever waste treatment plant in a refugee camp is ‘step forward’ for safer human waste disposal in emergencies
Source: Oxfam New Zealand Oxfam has opened the largest human waste treatment plant ever built in a refugee camp, in Cox’s Bazar, Bangladesh. The industrial-scale plant, funded by the UN Refugee Agency, UNHCR, can process the waste of 150,000 people – a population bigger than Tauranga. Being able to treat large volumes of faecal waste on site, […]
Read More →Clear as mud: Water is under pressure, NZIER Insight 78
Source: New Zealand Institute of Economic Research 31 January 2019 As part of NZIER’s 60th birthday celebrations, the NZIER undertook with its own resources research to further understand New Zealanders concerns about water quality and found that river visibility (water clarity) was most valued by Kiwis. Read the Insight here. Go Back MIL OSI
Read More →Key appointment at Guardians of New Zealand Superannuation
Source: New Zealand Superannuation Fund The Guardians of New Zealand Superannuation has appointed Sam Porath to the position of Manager – NZ Equities. Mr Porath will lead the team managing the NZ Super Fund’s in-house active New Zealand equities mandate. Currently Portfolio Manager – Strategic Tilting, Mr Porath joined the Guardians in 2013 from Russell […]
Read More →FMA and RBNZ report on life insurer conduct and culture
Source: Financial Markets Authority Media release MR No. 2019 – 0229 January 2019 The Financial Markets Authority (FMA) and Reserve Bank of New Zealand (RBNZ) have completed their joint review of 16 New Zealand life insurers. This review follows the regulators’ bank review published in November 2018. Rob Everett, FMA Chief Executive said: “Overall the report […]
Read More →Bank capital review background papers released, consultation extended
Source: New Zealand Reserve Bank Release date 25 January 2019 The Reserve Bank has released background papers relating to its ongoing review of the minimum amount of capital that banks must hold. The Reserve Bank is currently consulting on a proposal to raise the amount of capital that banks must hold. This change would make bank […]
Read More →Bryce Edwards’ Political Roundup: Extreme inequality a test for the new Government
Political Roundup: Extreme inequality a test for the new Government by Dr Bryce Edwards. Jacinda Ardern has just arrived in Davos for the World Economic Forum, where she is promoting her Government’s “economics of kindness” approach to other world leaders and elites. Her message is in line with the fact that her Labour-led administration was […]
Read More →Taxpayers’ Union recognises rightful Venezuelan leader
Source: Taxpayers Union Taxpayers’ Union recognises rightful Venezuelan leader 24 JANUARY 2019FOR IMMEDIATE RELEASE The New Zealand Taxpayers’ Union stands in solidarity with the Venezuelan people today as they courageously protest an authoritarian, socialist government. Taxpayers’ Union spokesman Louis Houlbrooke says, “For too long, Venezuelans have suffered in hunger and poverty due to the leftist policies […]
Read More →NZX & FMA initiate industry review: Capital Markets 2029
Source: Financial Markets Authority NZX and the Financial Markets Authority (FMA) have initiated an industry-led review of New Zealand’s capital markets. Capital Markets 2029 is designed to deliver a ten-year vision and growth agenda for the sector. Capital Markets 2029 will consider the current framework and broader ecosystem of New Zealand’s capital markets and outline […]
Read More →Shellfish biotoxin alert – Bay of Plenty and Waikato region
Source: New Zealand Ministry for Primary Industries Date: 23 Jan 2019 Media contact: MPI media team The Ministry for Primary Industries (MPI) today issued a public health warning advising the public not to collect or consume shellfish harvested from the Bay of Plenty/Waikato region from Te Ororoa Point, just north of Tairua, down to Bowentown […]
Read More →Rob Hosking remembered
Source: Taxpayers Union Rob Hosking remembered 23 JANUARY 2019FOR IMMEDIATE RELEASE With sadness, the New Zealand Taxpayers’ Union responds to the death of Rob Hosking. The Union’s Chairman Barrie Saunders says, “This news marks a terrible loss. Through his wit, insight, and tremendous institutional knowledge, Rob earned his place as one of New Zealand’s most respected […]
Read More →Byanyima and Ardern talk NZ budget, inequality, climate change
Source: Oxfam New Zealand Winnie Byanyima and Prime Minister Ardern at the World Economic Forum 2019 in Davos, Switzerland. Oxfam International executive director Winnie Byanyima and New Zealand prime minister Jacinda Ardern have met to discuss global and New Zealand issues including the upcoming national well-being budget and global inequality. The meeting occurred as part […]
Read More →‘Tar baby’ report exposes Kiwibuild as welfare for the rich, waste of money
Source: Taxpayers Union ‘Tar baby’ report exposes Kiwibuild as welfare for the rich, waste of money 22 JANUARY 2019FOR IMMEDIATE RELEASE Responding to the release of the New Zealand Initiative’s new report, Kiwibuild – Twyford’s Tar Baby, New Zealand Taxpayers’ Union spokesman Louis Houlbrooke says: “While the Taxpayers’ Union would not have used such inflammatory language, […]
Read More →Oxfam report is fake news and demonstrates why it should lose charitable status
Source: Taxpayers Union 22 JANUARY 2019FOR IMMEDIATE RELEASE While Oxfam claims inequality is increasing and uses its latest report to push a political campaign, the official data shows the complete opposite, says the New Zealand Taxpayers’ Union.Taxpayers‘ Union Executive Director Jordan Williams says, “Oxfam bases their conclusions from the Credit Suisse Global Wealth Databook 2018. That report shows […]
Read More →Bank Financial Strength Dashboard wins international award
Source: New Zealand Reserve Bank Release date 22 January 2019 Central Banking Publications has named the Bank Financial Strength Dashboard as ‘Initiative of the Year’ in its annual awards. In announcing the award, Central Banking commented that very few central banks have opened up their financial system to public scrutiny to quite the same level […]
Read More →Revenue neutrality a no-brainer for a fair capital gains tax
Source: Taxpayers Union Revenue neutrality a no-brainer for a fair capital gains tax 18 JANUARY 2019FOR IMMEDIATE RELEASE The Tax Working Group’s expected recommendation to cut income tax to offset the burden of capital gains tax is a no-brainer if the new tax is to be fair to New Zealanders, says the New Zealand Taxpayers’ Union. “Revenue […]
Read More →$36 million investment approved to tackle regional erosion
Source: New Zealand Ministry for Primary Industries Date: 17 Jan 2019 Media contact: MPI media team Te Uru Rākau (Forestry New Zealand) has announced funding of almost $36 million through the Hill Country Erosion Fund (HCEF) to enable much-needed erosion control in the regions. The HCEF supports proposals to protect our most vulnerable hill country […]
Read More →NZIER’s QSBO shows an improvement in sentiment and demand – Quarterly Survey of Business Opinion, January 2019
Source: New Zealand Institute of Economic Research 15 January 2019 The latest NZIER Quarterly Survey of Business Opinion (QSBO) shows businesses remained downbeat about the economy in the final quarter of 2018, but less so. The results can be summarised as “less gloomy” rather than “more happy”, with a net 18 percent of businesses expecting […]
Read More →Green Party bequeathment welcomed
Source: Taxpayers Union 14 JANUARY 2019FOR IMMEDIATE RELEASE The New Zealand Taxpayers’ Union has announced it will open a planned giving programme in light of a $350,000 bequeathment to the Green Party. “Good on Ms Harris for her democratic participation. The extent of her generosity toward the party of her choice reflects well on the strengths […]
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