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Bulletin article introduces survey of credit market conditions

By   /  November 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 Bulletin article introduces survey of credit market conditions

Source: Reserve Bank of New Zealand Release date 13 November 2018 An article published today in the Reserve Bank Bulletin introduces the Credit Conditions Survey, which is one of the ways the Bank monitors changes in the credit market. Credit market conditions include the availability of credit and the willingness of households and businesses to […]

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Financial Stability – risky, safe or just right?

By   /  November 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 Financial Stability – risky, safe or just right?

Source: Reserve Bank of New Zealand Release date 13 November 2018 The challenge with financial stability is how to maintain a strong, resilient and efficient financial system in the face of changing and emerging risks said Deputy Governor and Head of Financial Stability Geoff Bascand in Sydney today. “Ten years on from the pain and […]

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Reserve Bank welcomes uncontested liquidation of CBL Insurance

By   /  November 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 Reserve Bank welcomes uncontested liquidation of CBL Insurance

Source: Reserve Bank of New Zealand Release date 12 November 2018 The Reserve Bank of New Zealand welcomes placement of CBL Insurance Ltd into liquidation, without the need for a contested hearing. At a hearing in Auckland today, the High Court appointed Kare Johnstone and Andrew Grenfell, partners of McGrathNicol, as liquidators of CBL Insurance […]

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Armistice Day coin decides kick off for All Blacks game

By   /  November 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 Armistice Day coin decides kick off for All Blacks game

Source: Reserve Bank of New Zealand Release date 12 November 2018 New Zealand’s Armistice Day 50 cent coin featured at Twickenham over the weekend – used for the ‘coin toss’ that decided the kick-off for the All Blacks vs England game on Armistice Day. Reserve Bank Governor Adrian Orr said it was great to see […]

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NZ Super Fund wins YWCA Equal Pay Award

By   /  November 8, 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 wins YWCA Equal Pay Award

Source: New Zealand Superannuation Fund The NZ Super Fund has won the innovation category at the 2018 YWCA Equal Pay Awards, held last night in Auckland. The Fund was recognised for its innovative leave and benefits package, which it rolled out in June this year. In their decision, the judges noted “that the evidence of […]

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FMA and RBNZ report on bank conduct and culture

By   /  November 5, 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 FMA and RBNZ report on bank conduct and culture

Source: Reserve Bank of New Zealand Release date 05 November 2018 The Financial Markets Authority and Reserve Bank of New Zealand have completed their joint review into the conduct and culture of 11 New Zealand banks. The review is the first of its kind in New Zealand. The regulators identified significant weaknesses in the governance […]

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RBNZ to establish new Senior Leadership Team

By   /  November 2, 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 to establish new Senior Leadership Team

Source: Reserve Bank of New Zealand Release date 02 November 2018 The Reserve Bank is creating a new Senior Leadership Team (SLT) to better help it achieve its vision of ‘Great Team, Best Central Bank’. Reserve Bank Governor Adrian Orr said the new Senior Leadership Team better balances the workload, allows Reserve Bank leaders to […]

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Global Finance Just Became More Local

By   /  November 2, 2018  /  24/7 News, AM-NC, Auckland, DJF, Finance, KB, KB, Mortgages, Press Release, Press Release Service New Zealand  /  Comments Off on Global Finance Just Became More Local

Source: Press Release Service – New Zealand (PR.co.nz) Global Finance announces the launch of two new branches this month as the business responds to a solid increase in growth over the last 5 years. The branches are in Henderson and Manukau and reflect Global’s strong connection to the communities it serves and the desire to […]

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Exemption passed to enable disclosure documents in English and te reo Maori

By   /  October 29, 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 Exemption passed to enable disclosure documents in English and te reo Maori

Source: Financial Markets Authority Media releaseMR No. 2018 – 4429 October 2018 The Financial Markets Authority (FMA) has granted a class exemption to enable companies who offer investments to publish product disclosure statements (PDS) in both te reo Māori and English (dual-language PDS). The FMA sought submissions on its proposal for an exemption earlier this year. […]

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FMA publishes annual report 2018

By   /  October 25, 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 annual report 2018

Source: Financial Markets Authority Media releaseMR No. 2018 – 4325 October 2018 The Financial Markets Authority (FMA) has published its  annual report for the financial year ending June 30 2018. The report highlights a number of key activities that took place in the year, including the launch of the joint FMA/RBNZ Culture and Conduct review […]

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FMA update on Forestlands

By   /  October 25, 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 update on Forestlands

Source: Financial Markets Authority Media release MR No. 2018 – 4212 October 2018  The FMA has decided not to seek costs arising from its application to put the Forestlands companies 2-12 and 14-20 into liquidation.   The FMA has informed the liquidators, KordaMentha, accordingly.  When the FMA applied to the High Court to put the […]

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KiwiSaver nears $50 billion in 2018

By   /  October 25, 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 KiwiSaver nears $50 billion in 2018

Source: Financial Markets Authority Media releaseMR No. 2018 – 419 October 2018 KiwiSaver continues to grow steadily according to the FMA’s 2018 KiwiSaver report. The FMA publishes a report every year based on all providers’ statutory data for the year to the end of March. Total funds in KiwiSaver for the 2018 period were just […]

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FMA issues infringement notice to Pacific Eagle Capital

By   /  October 25, 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 issues infringement notice to Pacific Eagle Capital

Source: Financial Markets Authority Media releaseMR No. 2018 – 404 October 2018 The Financial Markets Authority (FMA) has issued an infringement notice to Pacific Eagle Capital (PEC) for failing to file financial statements by its due date. PEC was required to file financial statements for the balance date of 31 March 2018 by the 31st […]

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World Investor Week encourages investors to take the plunge

By   /  October 25, 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 World Investor Week encourages investors to take the plunge

Source: Financial Markets Authority Media releaseMR No. 2018 – 391 October 2018 The Financial Markets Authority (FMA) has launched a new campaign for World Investor Week to help New Zealanders become more confident investors by addressing some of the uncertainties around investing. World Investor Week is run by financial markets regulators around the world to […]

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NZ Super Fund Performance Report for September 2018

By   /  October 24, 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 September 2018

Source: New Zealand Superannuation Fund The New Zealand Superannuation Fund has released its performance and portfolio report for September 2018. Key points: Fund size as at 30 September 2018: $41.10b September return: 0.45% Last twelve months: 11.74% Reference Portfolio return over the last twelve months: 9.99% Return since inception: 10.44% p.a Full September 2018 Performance Report Fund performance returns are unaudited […]

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Reserve Bank consults on changes to banks’ reporting of breaches

By   /  October 23, 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 consults on changes to banks’ reporting of breaches

Source: Reserve Bank of New Zealand Release date 23 October 2018 The Reserve Bank today published a consultation paper proposing changes to the reporting and publishing of breaches by banks. Currently banks are expected to notify the Reserve Bank promptly of breaches of their conditions of registration and are required to publish them in their […]

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Matt Whineray speaks at launch of Sustainable Finance Forum

By   /  October 19, 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 Matt Whineray speaks at launch of Sustainable Finance Forum

Source: New Zealand Superannuation Fund Matt Whineray, Chief Executive of the NZ Super Fund, spoke today at the launch of the Aotearoa Circle’s Sustainable Finance Forum. The initiative, to be co-chaired by Mr Whineray, is tasked with designing a roadmap to help New Zealand shift to a financial system that supports economic, social and environmental […]

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Reserve Bank Manager Communications appointed

By   /  October 19, 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 Manager Communications appointed

Source: Reserve Bank of New Zealand Release date 19 October 2018 The Reserve Bank today announced the appointment of Naomi Mitchell to the new position of Manager Communications at the Reserve Bank of New Zealand.  The Reserve Bank’s Governor Adrian Orr says he is delighted with the appointment as Naomi brings a wealth of experience […]

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Letter from CEO Matt Whineray – NZ Super Fund 2018 Annual Report

By   /  October 11, 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 Letter from CEO Matt Whineray – NZ Super Fund 2018 Annual Report

Source: New Zealand Superannuation Fund Kia ora, I’m delighted to present my first Annual Report as CEO of the NZ Super Fund. This year’s Annual Report has the theme “Staying the course through times of change –Te mārō o te haere i ngā huringa o te wā.” This is an important message for our stakeholders […]

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NZ Super Fund Performance Reports for July and August 2018

By   /  October 10, 2018  /  24-7, 24/7 News, 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 Reports for July and August 2018

Source: New Zealand Superannuation Fund The NZ Super Fund has released its monthly performance reports for July and August 2018. Key points: July – Fund size $35.46 billion; monthly return 1.55% compared to Reference Portfolio return of 1.55%. August – Fund size $35.72 billion, monthly return 0.95% compared to Reference Portfolio return of 1.55%; Fund […]

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