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Two appointments complete RBNZ Senior Leadership team

By   /  January 14, 2019  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, KB, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Two appointments complete RBNZ Senior Leadership team

Source: Reserve Bank of New Zealand Release date 14 January 2019 Ms Simone Robbers and Mr Christian Hawkesby will join the Reserve Bank of New Zealand as Assistant Governors, Governor Adrian Orr announced today. Their appointments complete the Reserve Bank’s new Senior Leadership Team structure announced in 2018. Ms Simone Robbers will take up the […]

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Reserve Bank appoints Chief Information Officer

By   /  January 9, 2019  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, KB, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Reserve Bank appoints Chief Information Officer

Source: Reserve Bank of New Zealand Release date 09 January 2019 The Reserve Bank today announced the appointment of Scott Fisher as Head of Digital Services/Chief Information Officer. Mr Fisher has been acting CIO since October 2018 and joined the Bank in January 2018 as Manager Digital Operations. Prior to joining the bank, he worked as […]

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NZ Super Fund Performance Report for November 2018

By   /  December 21, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, Investments, KB, MIL NZ OSI, New Zealand, New Zealand Government Public Service, New Zealand Superannuation Fund  /  Comments Off on NZ Super Fund Performance Report for November 2018

Source: New Zealand Superannuation Fund The New Zealand Superannuation Fund has released its performance and portfolio report for November 2018. Key points: Fund size as at 30 November 2018: $39.32b November return: 1.38% Last twelve months: 3.95% Reference Portfolio return over the last twelve months: 1.17% Return since inception: 10.06% p.a Full November 2018 Performance Report Fund performance […]

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Two men convicted on Crimes Act charges

By   /  December 18, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, Financial Markets Authority, KB, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on Two men convicted on Crimes Act charges

Source: Financial Markets Authority Media releaseMR No. 2018 – 55 18 December 2018  Two men convicted on Crimes Act charges Two men have been found guilty at Tauranga District Court on charges filed by the Financial Markets Authority (FMA). Robert Ian South was found guilty of two counts of theft by a person in a […]

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Reserve Bank aims for best regulatory relationships

By   /  December 18, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, KB, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Reserve Bank aims for best regulatory relationships

Source: Reserve Bank of New Zealand Release date 18 December 2018 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 deposit takers in the near future. Reserve Bank […]

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Dr John McDermott to join Motu

By   /  December 18, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, KB, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Dr John McDermott to join Motu

Source: Reserve Bank of New Zealand Release date 18 December 2018 The Reserve Bank of New Zealand’s 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. Governor Adrian Orr […]

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Investment Environment Report – December 2018

By   /  December 18, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, Investments, KB, MIL NZ OSI, New Zealand, New Zealand Government Public Service, New Zealand Superannuation Fund  /  Comments Off on Investment Environment Report – December 2018

Source: New Zealand Superannuation Fund In this video, Alice Mew, Senior Investment Strategist, NZ Direct Investment, talks to Mike Frith, Manager, Economics, about the global investment environment and its implications for the NZ Super Fund. Watch a short video of Alice and Mike discussing the investment environment Economic and market backdrop The investor uncertainty and […]

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Explaining fees and products key for consumers

By   /  December 17, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, Financial Markets Authority, KB, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on Explaining fees and products key for consumers

Source: Financial Markets Authority Media releaseMR No. 2018 – 5417 December 2018 Consumers want their financial providers to do more to explain fees and help them understand why their products are right for them. This is according to the Financial Markets Authority (FMA) survey into consumers’ experience of providers’ conduct, released today. The survey focused […]

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Reserve Bank proposes that bank owners bear greater share of financial system’s risks

By   /  December 14, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, KB, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Reserve Bank proposes that bank owners bear greater share of financial system’s risks

Source: Reserve Bank of New Zealand Release date 14 December 2018 The Reserve Bank is consulting on a proposal to raise the amount of capital that banks must hold. “Insisting that bank shareholders have a meaningful stake in their bank provides a greater incentive to ensure it is well managed. Having shareholders able to absorb […]

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Reserve Bank publishes climate change strategy and joins global network

By   /  December 13, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, KB, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Reserve Bank publishes climate change strategy and joins global network

Source: Reserve Bank of New Zealand Release date 13 December 2018 The Reserve Bank today published a strategy focusing on how the Bank can contribute to efforts to mitigate the effects of climate change. The Bank has also been welcomed as member of the Network of Central Banks and Supervisors for Greening the Financial System […]

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Guardians appoints Stephen Gilmore as CIO

By   /  December 12, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, Investments, KB, MIL NZ OSI, New Zealand, New Zealand Government Public Service, New Zealand Superannuation Fund  /  Comments Off on Guardians appoints Stephen Gilmore as CIO

Source: New Zealand Superannuation Fund The Guardians of New Zealand Superannuation, the Crown entity that manages the NZ$39 billion NZ Super Fund, has appointed Stephen Gilmore as Chief Investment Officer. A senior investment executive with extensive global experience, Mr Gilmore was most recently Chief Investment Strategist at the A$148b Future Fund in Australia, where he […]

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RBNZ Senior Leadership Team appointment

By   /  December 12, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, KB, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on RBNZ Senior Leadership Team appointment

Source: Reserve Bank of New Zealand Release date 12 December 2018 The Reserve Bank has appointed Patrick Hoerler to its Senior Leadership Team – as Assistant Governor and General Manager of Business Operations. Mr Hoerler joined the Reserve Bank in January 2017 and was most recently the Bank’s Head of Risk and Audit. As Assistant Governor […]

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NZ Super Fund named top Sovereign Wealth Fund at AsianInvestor Awards

By   /  December 10, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, Investments, KB, MIL NZ OSI, New Zealand, New Zealand Government Public Service, New Zealand Superannuation Fund  /  Comments Off on NZ Super Fund named top Sovereign Wealth Fund at AsianInvestor Awards

Source: New Zealand Superannuation Fund The NZ Super Fund has been awarded the Sovereign Wealth Fund prize at the 2018 AsianInvestor Institutional Excellence Awards in Singapore. The editorial team at AsianInvestor noted the NZ Super Fund’s “longstanding outperformance on its investment portfolio, including its ongoing efforts to ensure strong asset diversity and take a measured […]

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Accredited Body Reports Published

By   /  December 5, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, Financial Markets Authority, KB, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on Accredited Body Reports Published

Source: Financial Markets Authority Media releaseMR No. 2018– 535 December 2018 The Financial Markets Authority (FMA) has today published the accredited body reports for the New Zealand Institute of Chartered Accountants (NZICA) and CPA Australia. The reports contain the findings of our monitoring assessments for the period 1 July 2017 to 30 June 2018. The […]

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CBL Insurance information disclosures

By   /  December 3, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, KB, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on CBL Insurance information disclosures

Source: Reserve Bank of New Zealand Release date 03 December 2018 The Reserve Bank has published further information about CBL Insurance (in liquidation) on its website. The web page provides access to a detailed timeline, High Court judgments, affidavits, responses to Official Information requests, and news media releases. In order to ensure transparency, and as […]

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Higher bank capital better for banking system and NZ

By   /  November 30, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, KB, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Higher bank capital better for banking system and NZ

Source: Reserve Bank of New Zealand Release date 30 November 2018 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. In a speech today to the Business New Zealand CEO Forum in Auckland, Reserve bank […]

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FMA reports on Wynyard investigation

By   /  November 30, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, Financial Markets Authority, KB, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on FMA reports on Wynyard investigation

Source: Financial Markets Authority Media releaseMR No. 2018 – 5230 November 2018  The Financial Markets Authority (FMA) today published the findings of its investigation into Wynyard Group Limited’s (Wynyard) compliance with continuous disclosure and fair dealing obligations. Following Wynyard’s failure in October 2016, the FMA and NZX undertook an investigation into the conduct of the […]

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Public warning –Brian (John) Ferguson

By   /  November 28, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, Financial Markets Authority, KB, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on Public warning –Brian (John) Ferguson

Source: Financial Markets Authority Media releaseMR No. 2018 – 5128 November 2018 The Financial Markets Authority (FMA) has issued a public warning about Brian Ferguson, a registered financial adviser from Palmerston North. Following an investigation, the FMA is satisfied that Mr Ferguson copied and pasted client signatures in insurance policy documents. These policy documents were between […]

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FMA publishes 2018 Audit Quality Report & Directors’ Guide

By   /  November 26, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, Financial Markets Authority, KB, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on FMA publishes 2018 Audit Quality Report & Directors’ Guide

Source: Financial Markets Authority Media releaseMR No. 2018 – 5026 November 2018 The Financial Markets Authority’s Audit Quality Report 2018 expresses concern at the continued inconsistencies in audits provided by the same firm, while noting the overall quality of audits has improved in recent years. Reviews have also highlighted the direct link between the quality […]

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Peer-to-peer lending/crowdfunding 2018 data published

By   /  November 23, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, Financial Markets Authority, KB, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on Peer-to-peer lending/crowdfunding 2018 data published

Source: Financial Markets Authority Media release MR No. 2018 – 49 23 November 2018 Peer-to-peer lending/crowdfunding 2018 data published  The Financial Markets Authority (FMA) today published its second statistical report on peer to peer lending and crowd funding in New Zealand. The industry is required to submit an annual information return each year. The report […]

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