Reserve Bank presented with award for the Bank Financial Strength Dashboard
Source: Reserve Bank of New Zealand Release date 14 March 2019 The Reserve Bank has received the ‘Initiative of the Year’ award for the Bank Financial Strength Dashboard at the Central Banking Publications annual awards. Head of Financial System Policy Analysis Toby Fiennes accepted the award on behalf of the Reserve Bank at a ceremony […]
Read More →Secretary to the Treasury nominated as the Treasury observer on the Monetary Policy Committee
Source: Reserve Bank of New Zealand Release date 08 March 2019 News release issued by the Treasury The Secretary to the Treasury, Gabriel Makhlouf, will formally take up the role of the Treasury observer on the Monetary Policy Committee (the MPC) as of 1 April 2019. The MPC and the role of Treasury observer were […]
Read More →Safer banks for greater wellbeing
Source: Reserve Bank of New Zealand Release date 26 February 2019 Increasing the amount of capital banks must have would help to improve the safety of New Zealand’s financial system and wellbeing, Reserve Bank Deputy Governor Geoff Bascand said today. The Reserve Bank is currently consulting on a proposal to raise the minimum amount of […]
Read More →Monetary Policy Committee code of conduct approved
Source: Reserve Bank of New Zealand Release date 20 February 2019 The code of conduct for the Monetary Policy Committee was approved by the Reserve Bank of New Zealand Board on 19 February 2019. The code sets out standards of ethical and professional conduct that must be adhered to by members of the committee. Together […]
Read More →Consultation on new mortgage bond standard extended and loan template published
Source: Reserve Bank of New Zealand Release date 15 February 2019 The Reserve Bank is extending the consultation period for the proposed mortgage bond standard. The new standard is aimed at supporting confidence and liquidity in the New Zealand markets. Consultation began in November. Following requests from stakeholders, the Reserve Bank has extended the consultation […]
Read More →New RBNZ monetary policy committee remit reiterates focus on price stability and employment
Source: Reserve Bank of New Zealand Release date 14 February 2019 News release issued by the Minister of Finance The Coalition Government’s plan to reform and modernise the Reserve Bank Act experienced an important milestone today, Finance Minister Grant Robertson says. Grant Robertson and Reserve Bank Governor Adrian Orr today signed the first ‘remit’ setting […]
Read More →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 […]
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