Reserve Bank - Latest News [Page 1]

Monetary Stimulus Continued

Wednesday, 14 April 2021, 2:05 pm | Reserve Bank

The Monetary Policy Committee agreed to maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment objectives. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent, and the Large ... More >>

Reserve Bank Launches Enforcement Department

Tuesday, 13 April 2021, 12:48 pm | Reserve Bank

The Reserve Bank - Te Pūtea Matua has established a new standalone Enforcement Department to promote confidence in compliance across regulated sectors. The Enforcement Department is operationally separate from the Bank’s Supervision team, but the ... More >>

RBNZ Takes Action Over Weaknesses In Westpac NZ’s Risk Governance

Wednesday, 24 March 2021, 9:38 am | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua has raised concerns around Westpac New Zealand’s risk governance processes and has instructed the bank to commission two independent reports to address them. “We have experienced ongoing compliance ... More >>

Latest Statistics Update

Tuesday, 23 March 2021, 2:23 pm | Reserve Bank

The RBNZ has further updated our statistics release calendar to reinstate publications throughout March and April. We continue to return towards our normal schedule for banking and other financial data. We can now confirm a new publication date for the ... More >>

Reserve Bank's Payment And Settlement Systems Win International Award

Tuesday, 23 March 2021, 11:07 am | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua has been named the winner of the ‘Payments and Market Infrastructure (Wholesale) Award’ at the Central Banking Publications annual awards . The award was given in recognition of the Reserve Bank’s ... More >>

Some Temporary Liquidity Facilities To Be Removed

Wednesday, 10 March 2021, 11:23 am | Reserve Bank

The Reserve Bank – Te Pūtea Matua today announced that it will be removing some of the temporary liquidity facilities put in place during the COVID-19 pandemic. The specific measures include: The removal of the Term Auction Facility (TAF) where ... More >>

Insurance Solvency Standards Refined By Feedback

Thursday, 4 March 2021, 11:06 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua has released its decisions in response to submissions received on the Insurance Solvency Standards Principles and Timeline consultation launched late last year. The Reserve Bank commenced the Insurance ... More >>

Some Policy Lessons From A Year Of COVID-19

Thursday, 4 March 2021, 9:39 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing ... More >>

Funding And Reserving Canterbury Earthquake Insurance Claims

Friday, 26 February 2021, 10:34 am | Reserve Bank

The 2010-11 Canterbury earthquakes are by far the most costly insurance event in New Zealand’s history with estimated property insurance claims costs of around $38 billion, and remain one of the most significant globally. The Funding and reserving ... More >>

Financial Stability Strengthened By Firmer LVR Restrictions

Tuesday, 9 February 2021, 10:02 am | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua is putting in place more stringent loan-to-value ratio (LVR) restrictions to reduce the risks to financial stability caused by high-risk mortgage lending. The LVR restrictions do not apply to new residential ... More >>

Terms Of Reference For Independent Review Of Data Breach

Friday, 29 January 2021, 10:13 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua has released the Terms of Reference for an independent KPMG review of Bank processes following the malicious illegal breach of a third-party file sharing application. Governor Adrian Orr says the review ... More >>

E Hauora Ana, E Matahuhua Ana Te Ōhanga Māori, E Ai Ki Ngā Rangahau

Thursday, 28 January 2021, 9:26 am | Reserve Bank

Ka nui te āhua matahuhua o te ōhanga Maori, waihoki he maha hoki ngā whāinga wāhi e tupu tonu ai ia ki tōna tino teitei, e ai ki ngā kitenga a tētahi pūrongo nā Te Pūtea Mātua The Reserve Bank of New Zealand rāua ko tana hoa kōtui, a ... More >>

Reserve Bank Of New Zealand Making Good Progress On Addressing Data Breach

Friday, 22 January 2021, 1:05 pm | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua investigation into the malicious illegal breach of a third-party file sharing application has significantly progressed. Governor Adrian Orr says the investigation remains the Bank’s highest priority, ... More >>

Reserve Bank Of New Zealand Committed To Action As It Responds To Data Breach

Friday, 15 January 2021, 2:06 pm | Reserve Bank

The Governor of the Reserve Bank of New Zealand, Adrian Orr, says the recent malicious and illegal breach of a file sharing application used by the Bank is significant, and has our full attention. Mr Orr says New Zealand’s financial system and institutions ... More >>

Reserve Bank Response To Illegal Breach Of Data System

Monday, 11 January 2021, 5:54 pm | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua continues to respond with urgency to a breach of a third party file sharing service used to share information with external stakeholders. Governor Adrian Orr says the breach is contained, but it will ... More >>

Reserve Bank's Response To Minister Of Finance

Friday, 11 December 2020, 11:11 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua – has this morning published its detailed response to the letter from the Minister of Finance, Hon Grant Robertson sent on 24 November 2020. A copy of the Bank’s response is available on the Reserve ... More >>

Reserve Bank Issues Formal Directions To Pacific International Insurance

Thursday, 3 December 2020, 10:00 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua has today issued formal directions to Pacific International Insurance Pty Limited following repeated failings with its regulatory reporting. The directions were made under section 143 of the Insurance ... More >>

Reserve Bank Invites Feedback On Scope Of Insurance Act And Structure Of Solvency Standards

Monday, 30 November 2020, 2:42 pm | Reserve Bank

The Reserve Bank – Te Pūtea Matua is today launching dual consultations on the scope of the Insurance Prudential Supervision Act (IPSA) 2010 and associated Insurer Solvency Standards. Prudential regulation of insurers aims to ensure that insurance ... More >>

Reserve Bank To Assess ESAS Outage

Monday, 30 November 2020, 2:07 pm | Reserve Bank

Transactions are now flowing through the Reserve Bank of New Zealand’s Exchange Settlement Account System (ESAS) after an outage this morning. The Reserve Bank is now looking into the cause of the outage. ESAS allows individual transactions between ... More >>

South Pacific Central Bank Governors' Committed To Cost Effective Remittances

Friday, 20 November 2020, 3:50 pm | Reserve Bank

At the South Pacific Central Bank Governors’ Meeting on 17-18 November 2020, the South Pacific Governors agreed that access to cost-effective remittances remains a high priority focus for the region. A key focus has been their collective effort ... More >>

 

 
 
 
 
 

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