Reserve Bank - Latest News [Page 1]

Reserve Bank And FMA Finalise FMI Regulatory Framework

Thursday, 20 January 2022, 10:14 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua and the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko have released their finalised framework for assessing the systemic importance of Financial Market Infrastructures (FMIs) following consultation ... More >>

New Banknote Signature In Circulation:Grant Spencer, $20

Monday, 13 December 2021, 2:10 pm | Reserve Bank

Grant Spencer was Acting Governor of the Reserve Bank of New Zealand – Te Pūtea Matua from October 2017 to March 2018. <img src="" width="720" height="353"> During this time we ordered ... More >>

Stress Tests Show Strengthening Bank Resilience

Tuesday, 7 December 2021, 10:30 am | Reserve Bank

The latest stress tests carried out by the Reserve Bank of New Zealand – Te Pūtea Matua show strengthening resilience in the banking sector and the benefits of continuing to build capital buffers. Our annual bank stress testing programme helps us understand ... More >>

Deputy Governor Reflects On Time At RBNZ

Tuesday, 7 December 2021, 8:56 am | Reserve Bank

Central bankers must continue to look forward to guard against the unpredictable, Deputy Governor Geoff Bascand says in a speech published today. Mr Bascand joined the Reserve Bank of New Zealand – Te Pūtea Matua in 2013 during the aftermath ... More >>

Feedback Sought On Deposit Takers Bill

Monday, 6 December 2021, 2:18 pm | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua is inviting feedback on the draft legislation for the proposed Deposit Takers Act. The new Deposit Takers Act will create a single regulatory regime for all bank and non-bank deposit takers (NBDTs), ... More >>

New Reserve Bank Assistant Governor Appointed

Tuesday, 30 November 2021, 3:34 pm | Reserve Bank

John McDermott has been appointed as the Assistant Governor/General Manager – Digital Solutions and Security of the Reserve Bank of New Zealand – Te Pūtea Matua. Mr McDermott has been Acting Assistant Governor/General Manager of Business Operations ... More >>

Review Of The Connected Exposures Policy (BS8) For Banks

Monday, 29 November 2021, 10:11 am | Reserve Bank

We are reviewing our connected exposures policy for locally incorporated banks. The review is partly routine as well as a response to requests to resolve ambiguities in the wording of the current policy. The key proposals are to align the Connected ... More >>

External Report Highlights Material Shortcomings With Westpac NZ’s Risk Governance

Thursday, 25 November 2021, 8:30 am | Reserve Bank

An independent report into Westpac New Zealand’s risk governance has highlighted material shortcomings in the Board’s oversight. The Reserve Bank of New Zealand - Te Pūtea Matua in March instructed Westpac NZ to commission an independent report ... More >>

MPC Continues To Reduce Monetary Stimulus

Wednesday, 24 November 2021, 2:04 pm | Reserve Bank

The Monetary Policy Committee agreed to raise the Official Cash Rate (OCR) to 0.75 per cent. The Committee agreed it remains appropriate to continue reducing monetary stimulus so as to maintain price stability and support maximum sustainable employment. ... More >>

Financial System Well-placed To Support Economic Recovery Despite Uncertainty And Risks

Wednesday, 3 November 2021, 9:05 am | Reserve Bank

The resilience of our financial system to the challenges presented by COVID-19 is reassuring given the uncharted waters ahead, Governor Adrian Orr says in releasing the November Financial Stability Report . “Global economic activity continues to ... More >>

Inaugural Insurance Stress Test Highlights Reliance On Reinsurance

Wednesday, 27 October 2021, 10:03 am | Reserve Bank

The first General Insurance Industry Stress Test (GIIST) from the Reserve Bank of New Zealand – Te Pūtea Matua has highlighted the industry’s reliance on offshore reinsurance providers. Stress tests serve an important purpose for regulators and ... More >>

Kua Whakatūria He Rōpū Kaipēke Māori Bankers Rōpū Established

Monday, 18 October 2021, 11:11 am | Reserve Bank

Māori Leaders From The Banking Sector Have Established The First Māori Bankers Rōpū (group), Known As Tāwhia, To Share Ideas And Deepen The Understanding Of Key Issues For Māori Within The More >>

Views Sought On Enforcement Framework

Wednesday, 13 October 2021, 10:19 am | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua is seeking views on its enforcement framework to promote confidence in compliance across the sectors we regulate. “The Reserve Bank’s Enforcement Department was established in March 2021 to help us ... More >>

RBNZ Senior Leadership Team Structure

Friday, 8 October 2021, 4:15 pm | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua is adjusting the structure of its Senior Leadership Team. Governor Adrian Orr says the Reserve Bank is well advanced in its transformation to meet its new mandate. “We are aware of our future governance ... More >>

Christian Hawkesby Appointed RBNZ Deputy Governor

Wednesday, 6 October 2021, 3:32 pm | Reserve Bank

Christian Hawkesby has been appointed as Deputy Governor of the Reserve Bank of New Zealand – Te Pūtea Matua - taking up the role in January 2022. Mr Hawkesby, who is currently the Assistant Governor / General Manager of Economics, Financial ... More >>

Monetary Stimulus Further Reduced - Official Cash Rate Raised To 0.50 Percent

Wednesday, 6 October 2021, 1:57 pm | Reserve Bank

The Monetary Policy Committee agreed to increase the Official Cash Rate (OCR) to 0.50 per cent. Consistent with their assessment at the time of the August Statement, it is appropriate to continue reducing the level of monetary stimulus so as to maintain ... More >>

Change Of Interim Solvency Standard Implementation Date

Tuesday, 5 October 2021, 2:39 pm | Reserve Bank

In July the Reserve Bank – Te Pūtea Matua ran a consultation on an interim Solvency Standard for insurers, which determines the minimum amounts of capital that insurers must hold. During our consultation we became aware that many insurers might find ... More >>

Maintaining Focus On Economic Wellbeing And Prosperity

Monday, 4 October 2021, 11:01 am | Reserve Bank

Over the past year Te Pūtea Matua - the Reserve Bank of New Zealand has delivered on its role as kaitiaki (guardian) of Aotearoa New Zealand’s financial system. Central to this has been meeting our ongoing mandates and growing our capabilities ... More >>

Reserve Bank Consults On The Future Of Money

Thursday, 30 September 2021, 9:14 am | Reserve Bank

“Commercial banks, the wider cash industry and Te Pūtea Matua (the Reserve Bank) need to seize opportunities and innovate to ensure that the cash, money and ways to pay continue to serve New Zealanders’ needs,” says Assistant Governor Christian ... More >>

Reserve Bank Tightens LVR Restrictions

Thursday, 23 September 2021, 10:10 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua will proceed with its proposal to tighten Loan-to-Value Ratio (LVR) restrictions on lending to owner-occupiers to reduce risky mortgage lending. From 1 November 2021, we will be restricting the amount ... More >>