Scoop has an Ethical Paywall
License needed for work use Register
 

Reserve Bank - Latest News [Page 1]

Monetary Policy To Remain Restrictive

Wednesday, 29 November 2023, 1:51 pm | Reserve Bank

The Monetary Policy Committee today agreed to maintain the Official Cash Rate at 5.50 percent. Interest rates are restricting spending in the economy and consumer price inflation is declining, as is necessary to meet the Committee’s Remit . However, ... More >>

RBNZ Announces Key Decisions On Review Of Policy For Branches Of Overseas Banks

Tuesday, 7 November 2023, 10:31 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua is nearing completion of its Branch Policy review and is now seeking views on implementation considerations. Branches of overseas banks can be an important link between our economy and global financial ... More >>

No Longer Tomorrow’s Problem: How The Reserve Bank Is Working With Its Stakeholders To Respond To Climate Change

Friday, 3 November 2023, 8:45 am | Reserve Bank

This morning Reserve Bank of New Zealand Governor, Adrian Orr, delivered a keynote speech at the Chapter Zero Breakfast in Auckland. Titled: No longer tomorrow’s problem: How the Reserve Bank is working with its stakeholders to respond to Climate ... More >>

Financial System Still Adjusting To Higher Interest Rates

Wednesday, 1 November 2023, 9:02 am | Reserve Bank

New Zealand’s financial system remains strong as it adjusts to a higher interest rate environment, Deputy Governor Christian Hawkesby says in releasing the November 2023 Financial Stability Report . The full impact of previous interest rate increases ... More >>

New Zealand’s Financial System Resilience Compares Well With Advanced Economies’

Monday, 30 October 2023, 10:27 am | Reserve Bank

Advanced economies’ financial systems have been largely resilient to risks arising from higher interest rates so far. However, the full impact is still to be seen and some areas of concern are emerging, according to an extract from the upcoming Reserve ... More >>

RBNZ Releases Annual Report 2023

Thursday, 12 October 2023, 10:12 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua has today published its Annual Report covering the year from 1 July 2022 to 30 June 2023. Board Chair Professor Neil Quigley says the past year marked a significant turning point in the history ... More >>

Final Policy Consultation Commences On Review Of The Insurance (Prudential Supervision) Act 2010

Wednesday, 27 September 2023, 11:56 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua has launched the final policy consultation on the review of the Insurance (Prudential Supervision) Act 2010 (IPSA). This omnibus consultation sets out a full set of proposals for amending the legislation. ... More >>

Towards Good Governance In The Financial System -A Speech By Deputy Governor Christian Hawkesby

Thursday, 7 September 2023, 10:49 am | Reserve Bank

In a speech published today, to the Institute of Directors, Mr Hawkesby says effective board governance for banks, insurers and other financial services providers is critical to the financial soundness of New Zealand’s financial institutions and financial ... More >>

RBNZ And FMA Governance Thematic Review Outlines Good Practices And Areas For Improvement

Tuesday, 5 September 2023, 9:32 am | Reserve Bank

A cross-sector thematic review of regulated entities’ governance practices by the Reserve Bank of New Zealand (RBNZ) – Te Pūtea Matua and the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko has highlighted the need for boards to ... More >>

Connected Exposures Policy Finalised

Thursday, 24 August 2023, 1:33 pm | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua has completed a review of its Connected Exposures policy, which included two rounds of public consultation. The finalised policy has now been published and is expected to come into effect on 1 ... More >>

RBNZ Releases Results Of Industry Climate Survey

Wednesday, 23 August 2023, 1:44 pm | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua has published a Bulletin article highlighting high level results from a survey of prudentially regulated entities on climate change. The survey asked regulated entities, including banks and insurers, ... More >>

2023 Monetary Policy Challenge Winners Announced

Tuesday, 22 August 2023, 2:13 pm | Reserve Bank

Wellington’s Scots College has been named the national winner of the Reserve Bank of New Zealand’s 2023 Monetary Policy Challenge. Second place was awarded to Christchurch’s St Andrew’s College and honourable mentions were given to both of Auckland’s ... More >>

Official Cash Rate Remains At 5.50%

Wednesday, 16 August 2023, 2:08 pm | Reserve Bank

The Monetary Policy Committee today agreed to maintain the Official Cash Rate (OCR) at 5.50%. The current level of interest rates is constraining spending and hence inflation pressure, as anticipated and required. The Committee agreed that the OCR ... More >>

RBNZ's Relationship Charter Shows Continued Growth In Regulatory Relationships

Friday, 11 August 2023, 10:38 am | Reserve Bank

Findings from the latest Reserve Bank of New Zealand - Te Pūtea Matua Relationship Charter survey show significant improvements among insurer stakeholders in their ratings of the relationship with RBNZ. We launched the Relationship Charter in 2018 ... More >>

RBNZ Releases 'Too Little, Too Late' Climate Stress Test Scenario

Thursday, 10 August 2023, 10:39 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) has published the stress test scenario that our largest banks are using to test their ability to withstand severe, but plausible long-term climate-related challenges. Deputy Governor Christian ... More >>

First RBNZ Life Insurance Stress Test Shows Industry Well Placed To Withstand Severe Shocks

Tuesday, 8 August 2023, 11:31 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) has published the results of its first life insurance industry stress test (LIIST). The 2022/23 LIIST demonstrates the largest insurers in the sector are well placed to withstand severe economic and ... More >>

What Drives Rents In New Zealand? A Housing Technical Working Group Research Paper

Monday, 7 August 2023, 12:18 pm | Reserve Bank

Today Te Tai Ōhanga, Te Tūāpapa Kura Kāinga and Te Pūtea Matua are publishing a joint paper that provides an assessment of the key drivers of rents in New Zealand. The analysis in this paper was carried out by Alan Bentley, Enzo Cassino and Nam ... More >>

Financial Market Infrastructures Standards Issued

Monday, 31 July 2023, 2:19 pm | Reserve Bank

Standards for designated Financial Market Infrastructures (FMIs) have been issued by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) and the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko, following two rounds of public consultation. ... More >>

First Stage Of Consultation On Deposit Takers Act Implementation Launches

Monday, 31 July 2023, 11:54 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua has released its first consultation material on implementing the recently enacted Deposit Takers Act 2023 (the Act), with proposals for the Proportionality Framework and for levies to fund the Depositor ... More >>

Mutual Capital Instrument Rules Near Completion

Monday, 10 July 2023, 11:37 am | Reserve Bank

The development of a framework for capital instruments for mutual banks is nearing completion, following further consultation with affected entities. We are now providing affected entities with an opportunity to review the amended banking prudential requirement ... More >>

 

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.