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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →Reserve Bank Financial Strength Dashboard proving popular
Source: Reserve Bank of New Zealand Release date 04 October 2018 Visitors and feedback on the Reserve Bank’s Financial Strength Dashboard have exceeded expectations, and the Bank is committed to enhancing the tool to further enrich disclosures. The Reserve Bank launched the Dashboard in May. It is an innovative, online, interactive tool for sharing bank […]
Read More →NZ Financial system remains sound while the Reserve Bank innovates for the future
Source: Reserve Bank of New Zealand Release date 02 October 2018 New Zealand’s financial system remains sound and resilient, and the Reserve Bank is undergoing significant innovation to prepare for the future, according to the Bank’s Annual Report 2017-18 released today. “The ongoing review of the Reserve Bank Act, and more recent performance and relationship […]
Read More →RBNZ comment on CBLI court judgment released today
Source: Reserve Bank of New Zealand Release date 01 October 2018 The Reserve Bank continues to support the full liquidation of CBL Insurance Ltd (CBLI). The High Court appointed interim liquidators to CBLI in February after an application by the Reserve Bank. The interim liquidators had since applied for court sanction for a transaction they […]
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