Consultation details announced for Phase 2 of the Reserve Bank Act Review
Source: Reserve Bank of New Zealand Release date 10 September 2018 Released by the Treasury on 10 September 2018 The joint Treasury and Reserve Bank Team undertaking Phase 2 of the Government’s Review of the Reserve Bank Act has released the outline of how Phase 2 will proceed. Consultation will run from November 2018 until […]
Read More →Geopolitics, New Zealand and the winds of change
Source: Reserve Bank of New Zealand Release date 07 September 2018 A long-term focus is key to promoting economic growth and developing a healthy financial ecosystem, Reserve Bank Governor Adrian Orr said today. Mr Orr delivered an address to the Financial Services Council and Workplace Savings NZ’s national conference – Shaping Futures – in Auckland […]
Read More →Armistice Day coin orders open to the public
Source: Reserve Bank of New Zealand Release date 03 September 2018 From today you will be able to pre-order a limited number of the newly minted Armistice Day coin for delivery in October, right in time for Armistice Day. The new coin is a legal tender, coloured, circulating 50c piece. Reserve Bank Governor Adrian Orr […]
Read More →Hold history in your hand
Source: Reserve Bank of New Zealand Release date 27 August 2018 Hold history in your hand with one of the legal tender coloured circulating fifty-cent coins, minted to commemorate the centennial of Armistice Day, 11 November, when the First World War ended. Over 100,000 New Zealanders fought in that war, and more than half were […]
Read More →New data on the financial health of banks published
Source: Reserve Bank of New Zealand Release date 24 August 2018 New data on the financial health of New Zealand registered banks was published on the Bank Financial Strength Dashboard today. This is the first quarterly update of key metrics on banks since the Dashboard was launched in May 2018. An interactive, online […]
Read More →Managed exit from Reserve Bank Wellington building
Source: Reserve Bank of New Zealand Release date 10 August 2018 The Reserve Bank is vacating its Wellington building for about three months so it can remediate asbestos issues. The Reserve Bank’s currency, payments and settlements, and markets operations are not affected. We are able to undertake our currency operations in the building, as usual, […]
Read More →Reserve Bank Act Review – Phase 1 documents released
Source: Reserve Bank of New Zealand The Reserve Bank’s email Service is a free service that allows you to get the latest information from the Reserve Bank. Subscribers will be emailed Monetary Policy Statement news releases, OCR announcements and other public statements as they are posted on the website. MIL OSI
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →Bank conduct and culture review – on site visits. Life insurance companies provide their submissions
Source: Reserve Bank of New Zealand Release date 22 June 2018 The joint Financial Markets Authority and Reserve Bank review of conduct and culture in the New Zealand banking sector is progressing rapidly. “We will assess whether the conduct and culture issues being aired during the Australian Royal Commission of Financial Services are present here,” […]
Read More →Bulletin article discusses the pros and cons of issuing a central bank digital currency
Source: Reserve Bank of New Zealand Release date 19 June 2018 The pros and cons of a public digital currency issued by a central bank are evaluated in an article published today in the Reserve Bank Bulletin. The focus of the article is how a public digital currency might affect four key central bank functions: […]
Read More →Keith Rankin Analysis – The Government’s new ‘Employment’ Contract
Keith Rankin Analysis – The Government’s new ‘Employment’ Contract Reserve Bank of New Zealand. Keith Rankin. The government has got it badly wrong with the new Policy Targets Agreement, its contract with the Reserve Bank about monetary policy. Perhaps inadvertently, the emphasis is now on maximising employment, not living standards. Maximising employment is not the […]
Read More →RBNZ Governor supports macro-prudential policy
Source: Reserve Bank of New Zealand – News/Statement: Headline: RBNZ Governor supports macro-prudential policy “Macro-prudential policy has been particularly useful in the current environment of globally low interest rates, where monetary policy has been unable to counter the strong housing cycle of recent years,” Reserve Bank Governor Grant Spencer said today to an Auckland event […]
Read More →CBL Insurance Limited interim liquidation
MIL OSI – Source: Reserve Bank of New Zealand – News/Statement: Headline: CBL Insurance Limited interim liquidation The High Court appointed interim liquidators to CBL Insurance Limited on Friday last week and issued an order prohibiting publication of information about the matter. The High Court lifted the prohibition today, enabling the Reserve Bank to state […]
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