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 […]
Read More →Armistice day coin rolls into circulation
Source: Reserve Bank of New Zealand Release date 01 October 2018 From today, instead of receiving the usual 50 cent coin in your change, you may be lucky enough to receive a brand new Armistice Day coin of the same value. The new coin is a legal tender, coloured, circulating 50c coin to remember the […]
Read More →OCR unchanged at 1.75 percent
Source: Reserve Bank of New Zealand Release date 27 September 2018 Statement by Reserve Bank Governor Adrian Orr: The Official Cash Rate (OCR) remains at 1.75 percent. We expect to keep the OCR at this level through 2019 and into 2020. The direction of our next OCR move could be up or down. Employment is […]
Read More →The Journey of Te Pūtea Matua: Our Tāne Mahuta
Source: Reserve Bank of New Zealand Release date 24 September 2018 Te Pūtea Matua is the Māori name for the Reserve Bank of New Zealand. This article presents a broad picture of Te Pūtea Matua’s heritage, role, and interdependencies both within the Bank and economy-wide. “The Reserve Bank team want to tell our story of […]
Read More →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, […]
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