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New appointments to Guardians Board

By   /  July 19, 2018  /  24-7, 24/7 News, Economy, Finance, Investments, MIL NZ OSI, New Zealand, New Zealand Government Public Service, New Zealand Superannuation Fund  /  Comments Off on New appointments to Guardians Board

Source: New Zealand Superannuation Fund Media Statement from the Hon Grant Robertson, Minister of Finance, on new appointments to the Guardians of New Zealand Superannuation Board. Catherine Drayton, Simon Botherway and Henk Berkman have been appointed to the Board of the Guardians of New Zealand Superannuation, Finance Minister Grant Robertson announced today. The Guardians Board […]

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Customers not the focus of replacement business at large insurers

By   /  July 18, 2018  /  24-7, 24/7 News, Economy, Finance, Financial Markets Authority, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on Customers not the focus of replacement business at large insurers

Source: Financial Markets Authority Media releaseMR No. 2018 – 3018 July 2018  The Financial Markets Authority (FMA) is considering regulatory action against three large financial institutions or qualifying financial entities (QFEs) following a review of insurance replacement business practices. The inherent risks of conflicts of interest involved in selling financial products are heightened when vertically […]

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Card spending up across the board in the June month – Stats NZ Media and Information Release: Electronic card transactions: June 2018

By   /  July 16, 2018  /  24-7, 24/7 News, Business, Business Confidence, Consumer Goods Statistics, Consumer News, Economic Statistics, Economics, Finance, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand, Statistics  /  Comments Off on Card spending up across the board in the June month – Stats NZ Media and Information Release: Electronic card transactions: June 2018

Source: MIL-OSI Submissions Card spending up across the board in the June month – 10 July 2018 Consumers spent more across all industries in June, from food and drink to petrol, Stats NZ said today. When adjusted for seasonal effects, retail card spending rose 0.8 percent in June 2018. This follows a 0.6 percent increase in […]

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CBL investigation update

By   /  July 13, 2018  /  24-7, 24/7 News, Economy, Finance, Financial Markets Authority, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on CBL investigation update

Source: Financial Markets Authority Media release MR No. 2018 – 2913 July 2018  The FMA investigation into the conduct of CBL Corporation Limited (“CBL”) and its directors is ongoing. Due to investor interest in these matters an update on the investigation is appropriate at this time. The FMA has completed a preliminary assessment of the […]

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Head of Communications change

By   /  July 12, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Head of Communications change

Source: Reserve Bank of New Zealand Release date 12 July 2018 The Reserve Bank is recruiting for a new Head of Communications following Mike Hannah’s decision to leave the role after 16 years of service. Mr Hannah will remain with the Reserve Bank as Board Secretary, and is pursuing other opportunities. “Mr Hannah has led […]

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Investors show mixed levels of understanding while confidence in financial markets remains stable

By   /  July 12, 2018  /  24-7, 24/7 News, Economy, Finance, Financial Markets Authority, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on Investors show mixed levels of understanding while confidence in financial markets remains stable

Source: Financial Markets Authority Media release MR No. 2018 – 2812 July 2018  Confidence in New Zealand’s financial markets has remained stable since 2017, despite uncertainty around a potential trade war, volatile global markets and a focus on the culture and conduct of major financial institutions in Australia and New Zealand. The Financial Markets Authority […]

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One Planet SWF Working Group Publish Framework on Climate Change

By   /  July 7, 2018  /  24-7, 24/7 News, Economy, Finance, Investments, MIL NZ OSI, New Zealand, New Zealand Government Public Service, New Zealand Superannuation Fund  /  Comments Off on One Planet SWF Working Group Publish Framework on Climate Change

Source: New Zealand Superannuation Fund Friday 6 July 2018, Paris, France – President Emmanuel Macron of France and Prime Minister Erna Solberg of Norway convened a roundtable discussion with the One Planet Sovereign Wealth Fund Working Group (“One Planet SWF Group”) at the Elysée Palace followed by a press conference, to mark the publication of […]

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Stress tests important for banking supervision

By   /  July 6, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Stress tests important for banking supervision

Source: Reserve Bank of New Zealand Release date 06 July 2018 What would happen to the banking system if a downturn in the Chinese economy caused a fall in New Zealand exports, rising unemployment, falling house prices, and three years of low payment to dairy farmers? That’s one of the scenarios that the Reserve Bank […]

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Reserve Bank states bank capital preferences

By   /  July 6, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Reserve Bank states bank capital preferences

Source: Reserve Bank of New Zealand Release date 06 July 2018 The Reserve Bank today published their in-principle decisions on capital requirements for registered banks. This is part of a thorough review of capital adequacy in the New Zealand banking system. “Adequate capital is the first and most powerful defence for banks to survive unwanted […]

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Auckland Grammar wins Monetary Policy Challenge

By   /  July 6, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Auckland Grammar wins Monetary Policy Challenge

Source: Reserve Bank of New Zealand Release date 05 July 2018 Auckland Grammar has been named the national winner of the 2018 Reserve Bank of New Zealand Monetary Policy Challenge. Mount Albert Grammar placed second and Macleans College came third. The Monetary Policy Challenge (MPC) expands secondary school economics students’ understanding of monetary policy. The […]

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Individual falsely holding himself out as financial adviser sentenced to Community Work and Community Detention

By   /  July 5, 2018  /  24-7, 24/7 News, Economy, Finance, Financial Markets Authority, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on Individual falsely holding himself out as financial adviser sentenced to Community Work and Community Detention

Source: Financial Markets Authority Media release MR No. 2018 – 275 July 2018  Garry James Patterson has been sentenced to 200 hours’ community work and 3 months’ community detention at the Christchurch District Court after pleading guilty to two charges brought by the Financial Markets Authority (FMA). Mr Patterson, 63, who is originally from Queenstown […]

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New Zealand Super Fund Performance Report for May 2018

By   /  July 4, 2018  /  24-7, 24/7 News, Economy, Finance, Investments, MIL NZ OSI, New Zealand, New Zealand Government Public Service, New Zealand Superannuation Fund  /  Comments Off on New Zealand Super Fund Performance Report for May 2018

Source: New Zealand Superannuation Fund The New Zealand Superannuation Fund has released its performance and portfolio report for May 2018. Key points: Fund size as at 31 May 2018: $38.90b May return: 0.84% Last twelve months: 13.20% Reference Portfolio return over the last twelve months: 10.72% Return since inception: 10.37% p.a Full May 2018 Performance Report Fund performance returns are unaudited […]

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FMA statement on Blackfort/Arena sentencing

By   /  July 3, 2018  /  24-7, 24/7 News, Economy, Finance, Financial Markets Authority, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on FMA statement on Blackfort/Arena sentencing

Source: Financial Markets Authority Media releaseMR No. 2018 – 263 July 2018  The FMA acknowledges the sentencing today in the Serious Fraud Office’s criminal prosecution of Mr Jimmy McNicholl and Mr Lance Ryan, also known as Lance Jared Thompson. These individuals were prosecuted in relation to a Ponzi scheme in Christchurch that resulted in hundreds of […]

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NZ Super Fund CEO Matt Whineray profiled in NZ Herald

By   /  June 30, 2018  /  24-7, 24/7 News, Economy, Finance, Investments, MIL NZ OSI, New Zealand, New Zealand Government Public Service, New Zealand Superannuation Fund  /  Comments Off on NZ Super Fund CEO Matt Whineray profiled in NZ Herald

Source: New Zealand Superannuation Fund Matt Whineray, recently announced as NZ Super Fund’s Chief Executive, has been featured in a NZ Herald profile, which includes also an extended video interview. Titled “Meet New Zealand’s $40 billion Super man Matt Whineray” the story is available to read HERE. MIL OSI

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NZ Super Fund takes 27% stake in NZ Gourmet

By   /  June 29, 2018  /  24-7, 24/7 News, Economy, Finance, Investments, MIL NZ OSI, New Zealand, New Zealand Government Public Service, New Zealand Superannuation Fund  /  Comments Off on NZ Super Fund takes 27% stake in NZ Gourmet

Source: New Zealand Superannuation Fund The NZ Super Fund has invested in international fresh fruit and vegetable grower and marketer NZ Gourmet (www.nzgourmet.net), taking a 27% stake in the company for an undisclosed price. Founded in 1982 by brothers Paul, Chris and Tony Martin and father John Martin, NZ Gourmet produces and markets high quality […]

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OCR, MPS and FSR dates for 2019-2020

By   /  June 28, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on OCR, MPS and FSR dates for 2019-2020

Source: Reserve Bank of New Zealand Release date 28 June 2018 The Reserve Bank today announced the 2019-2020 dates for releasing its quarterly Monetary Policy Statements (MPS), Official Cash Rate (OCR) decisions, and the six-monthly Financial Stability Reports (FSR). The release dates to the end of 2018 do not change. From 2019 monetary policy decisions […]

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Annual review of NZX published

By   /  June 28, 2018  /  24-7, 24/7 News, Economy, Finance, Financial Markets Authority, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on Annual review of NZX published

Source: Financial Markets Authority Media releaseMR No. 2018 – 2528 June 2018  The Financial Markets Authority (FMA) has published its annual review of NZX’s regulatory obligations as a licensed market operator during the 2017 calendar year. NZX plays a vital role in helping to achieve fair, orderly and transparent financial markets in New Zealand to […]

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Serious Fraud Office and Reserve Bank investigating CBL Insurance matters

By   /  June 27, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Serious Fraud Office and Reserve Bank investigating CBL Insurance matters

Source: Reserve Bank of New Zealand Release date 27 June 2018 The Serious Fraud Office and Reserve Bank of New Zealand are each investigating matters relating to CBL Insurance and associated entities. The Reserve Bank is co-operating with the Serious Fraud Office investigation. The Reserve Bank is also co-operating with the Financial Markets Authority’s investigation […]

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Reserve Bank digital currency – too early to say

By   /  June 26, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Reserve Bank digital currency – too early to say

Source: Reserve Bank of New Zealand Release date 26 June 2018 A speech delivered today by Reserve Bank Deputy Governor Geoff Bascand gives the Bank’s position on issuing an official digital currency, and the verdict, “not now”. In the speech titled In Search of Gold: Exploring central bank issued digital currency, Bascand says the Reserve […]

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Reserve Bank outlines priorities in Statement of Intent

By   /  June 26, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Reserve Bank outlines priorities in Statement of Intent

Source: Reserve Bank of New Zealand Release date 26 June 2018 The Reserve Bank’s vision of being A Great Team – Best Central Bank underpins the Bank’s Statement of Intent for 2018-2021. The Statement outlines the Reserve Bank’s priorities for the next three years. These are framed around strengthening leadership, improving our regulatory framework, and […]

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