The Reserve Bank of New Zealand - Latest News [Page 3]
The Reserve Bank Of New Zealand Is Commencing Its Legislated Five-yearly Review Of Its Monetary Policy Remit
Wednesday, 1 June 2022, 10:14 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua – is commencing its legislated 5-yearly review of its monetary policy Remit. The Remit is provided by the Government and is used to guide the Monetary Policy Committee’s (MPC) decision making in its ... More >>
RBNZ Strengthening Enforcement Framework
Wednesday, 18 May 2022, 2:11 pm | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand - Te Pūtea Matua has published its Enforcement Principles and Criteria Guidelines which are the foundation of our enhanced enforcement framework. “The principles and criteria are part of a broader initiative in which ... More >>
RBNZ Supports Proposals To Strengthen Climate-Related Disclosure
Tuesday, 10 May 2022, 9:57 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua continues to strongly support the External Reporting Board’s (XRB) plans to develop disclosure as a tool to understand and mitigate climate-related financial risks. The XRB is the independent Crown Entity ... More >>
Financial System Resilient To Heightened Challenges
Wednesday, 4 May 2022, 9:49 am | The Reserve Bank of New Zealand
New Zealand’s financial system remains robust in the context of significant global economic challenges, Governor Adrian Orr says in releasing the May 2022 Financial Stability Report . Globally the COVID-19 pandemic continues to pose complex economic ... More >>
Reserve Bank Pleased With Strong Public Interest In The Future Of Money
Friday, 29 April 2022, 10:37 am | The Reserve Bank of New Zealand
Three issues papers published by the Reserve Bank of New Zealand – Te Pūtea Matua have drawn strong support for ensuring cash remains available and accepted, and for the Reserve Bank taking on a broad stewardship role for money and cash. “Feedback ... More >>
Our Evolving View Of Macroprudential Policy
Thursday, 28 April 2022, 10:15 am | The Reserve Bank of New Zealand
The approach to using macroprudential policy tools at the Reserve Bank of New Zealand - Te Pūtea Matua has evolved alongside our experience with them, Deputy Governor Christian Hawkesby says in a speech published today. As a full-service central bank, ... More >>
Māori, Pasifika, Young People And Small Regions Hardest Hit In Job Downturns
Thursday, 31 March 2022, 9:41 am | The Reserve Bank of New Zealand
The Reserve Bank’s Monetary Policy Committee (MPC) uses monetary policy to maintain price stability and support maximum sustainable employment (MSE). This Analytical Note research builds on our understanding of dynamics in New Zealand’s labour market. ... More >>
ANZ NZ Director Attestation Review Finds Marked Improvement In Governance
Tuesday, 29 March 2022, 9:27 am | The Reserve Bank of New Zealand
A review of ANZ New Zealand’s (ANZ) Directors Attestation Framework has found that ANZ has taken appropriate steps to remedy concerns raised in an independent report. In June 2019 the Reserve Bank of New Zealand – Te Pūtea Matua requested ... More >>
RBNZ Launches Material Breach Register
Thursday, 24 March 2022, 9:37 am | The Reserve Bank of New Zealand
To aid transparency of compliance with key bank prudential requirements, the Reserve Bank of New Zealand – Te Pūtea Matua has launched a public material breach register. New Zealand registered banks are required by the Reserve Bank to meet a number of ... More >>
Capital Instruments For Mutual Banks Being Considered
Wednesday, 16 March 2022, 11:21 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand - Te Pūtea Matua is seeking feedback on policy options for mutual banks to issue capital instruments. In December 2019 we published the final decisions from the Capital Review which focused on improving the quality ... More >>
Reserve Bank Seeks Feedback On Insurance Enforcement And Distress Management
Thursday, 10 March 2022, 10:08 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua – is seeking feedback on the penalties and enforcement tools available when supervising insurers and on its powers to manage distressed insurers. This consultation is the third of five that we are ... More >>
RBNZ Welcomes Inclusion Of New Zealand In New IBOR Fallbacks
Friday, 11 February 2022, 9:49 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua has adhered to the December 2021 Benchmark Module of the ISDA 2021 Fallbacks Protocol recently published by the International Swaps and Derivatives Association (ISDA). Importantly, the Benchmark ... More >>
Views Sought On Revising Assurance Reports On Bank Disclosure Statements
Tuesday, 18 January 2022, 2:07 pm | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua – is seeking feedback on proposals to improve the readability of assurance reports required on banks’ disclosure statements. Background to consultation All registered banks operating in New Zealand are required ... More >>
RBNZ Head Of Supervision And Head Of Financial System Policy And Analysis Departing
Tuesday, 14 December 2021, 5:28 pm | The Reserve Bank of New Zealand
The Reserve Bank’s Head of Supervision, Andy Wood, and Head of Financial System Policy and Analysis (FSPA), Toby Fiennes will leave over the coming months. Te Pūtea Matua is adjusting the structure of its Executive Leadership Team and a second phase ... More >>
Reserve Bank Responds To Climate Consultations
Thursday, 2 December 2021, 10:17 am | The Reserve Bank of New Zealand
To better understand and help mitigate financial risks of climate change, the Reserve Bank of New Zealand – Te Pūtea Matua has made submissions to two climate-related consultations. The External Reporting Board (XRB) is seeking feedback on the Governance ... More >>
Reserve Bank Outlines Options For Cash System Reform
Tuesday, 30 November 2021, 2:02 pm | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand - Te Pūtea Matua is seeking feedback on issues facing the cash system and options to keep Aotearoa’s cash system ‘fit for purpose’. Options include consolidating public and private cash sector functions into one or ... More >>
Views Sought On Debt Servicing Restrictions Framework
Tuesday, 23 November 2021, 9:57 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua – is seeking feedback on the merits and design features of debt serviceability restrictions (DSRs) on residential mortgage lending. “We are not proposing to implement debt serviceability restrictions ... More >>
RBNZ Chief Economist And MPC Member Departing After 25 Years
Monday, 15 November 2021, 12:58 pm | The Reserve Bank of New Zealand
The Reserve Bank’s Head of Economics and Chief Economist, Yuong Ha, who is also an inaugural member of the Monetary Policy Committee will leave next year after 25 years with RBNZ. Mr Ha, who has been with the RBNZ since 1997, and is an internal ... More >>
Housing Matters For Financial Stability Risks
Tuesday, 2 November 2021, 9:44 am | The Reserve Bank of New Zealand
The unsustainable level of house prices poses monetary and financial stability challenges, Reserve Bank of New Zealand – Te Pūtea Matua - Governor Adrian Orr says in a speech published today to the Property Council of New Zealand Retail Conference. “It will ... More >>
Review Of Overseas Bank Branches Underway
Wednesday, 20 October 2021, 10:03 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua is reviewing its policy for branches of overseas banks to keep pace with the evolving global regulatory environment. The objective of the review is to create a simple, coherent and transparent policy ... More >>