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 […]
Read More →China Construction Bank Corporation registered as a bank – rnzngin Fifth Estate
MIL OSI – Source: Reserve Bank of New Zealand – News/Statement: Headline: China Construction Bank Corporation registered as a bank Release date 21 December 2017 The Reserve Bank today registered China Construction Bank Corporation to provide banking services in New Zealand. China Construction Bank Corporation is incorporated in the People’s Republic of China and will […]
Read More →Reserve Bank of New Zealand Bulletin released
Source: Reserve Bank of New Zealand – News/Statement: Headline: Reserve Bank of New Zealand Bulletin released Release date 19 December 2017 The Reserve Bank today released a Bulletin article by Dr Chris Hunt, ‘Independence with accountability: financial system regulation and the Reserve Bank’. This article discusses the main reasons for delegating certain financial system-related functions […]
Read More →Bulletin article discusses policy responses and lessons of international house-price collapses – rnzngin Fifth Estate
MIL OSI – Source: Reserve Bank of New Zealand – News/Statement: Headline: Bulletin article discusses policy responses and lessons of international house-price collapses Release date 07 December 2017 An article published today in the Reserve Bank Bulletin reviewed the policy responses by overseas central banks to house-price collapses. It was originally written by a contracted […]
Read More →Reserve Bank to ease LVR restrictions
Source: Reserve Bank of New Zealand – News/Statement: Headline: Reserve Bank to ease LVR restrictions Release date 29 November 2017 New Zealand’s financial system remains sound and risks to the system have reduced over the past six months, Reserve Bank Governor Grant Spencer said today when releasing the Bank’s November Financial Stability Report. “Momentum in […]
Read More →Reserve Bank consults on new mortgage bond collateral standard
Source: Reserve Bank of New Zealand – News/Statement: Headline: Reserve Bank consults on new mortgage bond collateral standard Release date 17 November 2017 The Reserve Bank today published a consultation paper proposing an enhanced mortgage bond standard aimed at supporting confidence and liquidity in the financial system. This follows a review of domestic and international […]
Read More →Bulletin article discusses the New Zealand dollar in global markets
Source: Reserve Bank of New Zealand – News/Statement: Headline: Bulletin article discusses the New Zealand dollar in global markets Release date 15 November 2017 An article published today in the Reserve Bank Bulletin examines the reasons why turnover in global foreign exchange (FX) has declined in the past three years, largely on the back of […]
Read More →New release video series for Money Week 2017
MIL OSI – Source: Reserve Bank of New Zealand – News/Statement: Headline: New release video series for Money Week 2017 Release date 14 August 2017 To support Money Week 2017, the Reserve Bank and the Commission for Financial Capability have collaborated in a series of videos to encourage people to better manage their debt and […]
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