Reserve Bank - Latest News [Page 1]

Capital Review background papers and response to submissions

Thursday, 19 December 2019, 2:09 pm | Reserve Bank

The Reserve Bank of New Zealand has released background materials and papers to its final decisions on the Capital Review, along with its response to submissions on the fourth and final consultation paper,  How much capital is enough? More >>

Reserve Bank welcomes decision on future objectives

Wednesday, 18 December 2019, 11:19 am | Reserve Bank

The Reserve Bank welcomes the Government’s decisions on its future role and responsibilities as part of Phase 2 of the review of the Reserve Bank of New Zealand Act. More >>

Future of Cash Use - Summary of feedback published

Monday, 16 December 2019, 4:49 pm | Reserve Bank

The Reserve Bank – Te Pūtea Matua has published a summary of nearly 2300 items of feedback received on its issues paper “ The Future of Cash Use - Te Whakamahinga Moni Anamata ” which was open for public consultation between 19 June and 31 August ... More >>

Updated weights for Trade-Weighted Index

Thursday, 12 December 2019, 5:08 pm | Reserve Bank

The annual re-weighting of the Trade-Weighted Index (TWI) takes effect on Friday 13 December 2019. More >>

Improvements to ANZ director attestation processes required

Thursday, 12 December 2019, 2:19 pm | Reserve Bank

The first of two Section 95 reports requested from ANZ New Zealand (ANZ) has been completed with the findings showing that further improvements are required to ANZ’s director attestation processes. More >>

Reserve Bank alerting of phone call scam

Friday, 6 December 2019, 4:07 pm | Reserve Bank

The Reserve Bank is alerting the public of what appears to be an automated phone call scam randomly targeting members of the public. More >>

A safer banking system for all New Zealanders

Thursday, 5 December 2019, 12:03 pm | Reserve Bank

The Reserve Bank of New Zealand today released its final decisions following its comprehensive review of its capital framework for banks, known as the Capital Review . More >>

Reserve Bank acting to bolster financial system resilience

Wednesday, 27 November 2019, 9:37 am | Reserve Bank

Financial system vulnerabilities remain elevated and more effort is required to ensure that the system remains resilient over the longer-term, Reserve Bank Governor Adrian Orr says in releasing the November Financial Stability Report. More >>

Reserve Bank looking closely at AUSTRAC’s AML/CFT findings

Wednesday, 20 November 2019, 1:51 pm | Reserve Bank

The Reserve Bank of New Zealand is working closely with regulatory counterparts following an announcement about alleged systemic AML/CFT breaches by Westpac Banking Corporation in Australia. More >>

Reserve Bank increases its supervision of BNZ

Tuesday, 19 November 2019, 3:34 pm | Reserve Bank

The Reserve Bank has increased its supervisory monitoring of the Bank of New Zealand (BNZ) and applied precautionary adjustments to its capital requirements following the identification of weaknesses in BNZ’s capital calculation processes. More >>

Monetary Policy: A Compass Point in Uncertain Times

Friday, 15 November 2019, 12:52 pm | Reserve Bank

Reserve Bank of New Zealand’s Governor Adrian Orr is delivering a speech entitled Monetary Policy: A Compass Point in Uncertain Times today at the Federal Reserve Bank of San Francisco. More >>

Reserve Bank Senior Leadership Changes

Thursday, 14 November 2019, 3:37 pm | Reserve Bank

The Reserve Bank has created a new Auckland-based Assistant Governor position to lead the Bank’s ambitious growth and transformation work, and further develop its people and culture. More >>

Official Cash Rate unchanged at 1 percent

Wednesday, 13 November 2019, 2:04 pm | Reserve Bank

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment remains around its maximum sustainable level while inflation remains below the 2 percent target mid-point but within our target range. Economic ... More >>

Insurance sector must evolve in line with changing risks

Tuesday, 5 November 2019, 9:33 am | Reserve Bank

Building public confidence in the insurance sector requires more effort from all industry participants, Reserve Bank of New Zealand Governor Adrian Orr said in a speech to the Insurance Council of New Zealand today. More >>

Westpac successfully completes remediation process

Monday, 4 November 2019, 9:55 am | Reserve Bank

Westpac New Zealand Limited (Westpac) has retained its accreditation as an internal models bank following completion of an extensive remediation process required by the Reserve Bank. More >>

RB supports Sustainable Finance Forum’s interim report

Thursday, 31 October 2019, 9:26 am | Reserve Bank

“We commend the release of the Aotearoa Circle’s Sustainable Finance Forum interim report. We believe that climate change could lead to material economic and financial stability impacts and as a kaitiaki of the financial system, we at the Reserve Bank ... More >>

Preference for cards and electronic payments quantified

Wednesday, 30 October 2019, 3:13 pm | Reserve Bank

A Reserve Bank survey of the public’s cash use in 2019 has found that nearly nine in every 10 New Zealanders prefer to pay for things without using cash, while just six percent had used only cash to pay for things in the week before completing the ... More >>

Listening and understanding: central bank communions

Tuesday, 29 October 2019, 10:17 am | Reserve Bank

The Reserve Bank of New Zealand’s Assistant Governor and General Manager of Economics, Financial Markets and Banking, Christian Hawkesby, spoke at the 11th Annual Commonwealth Bank Global Markets Conference, in Sydney on Monday 28 October, 2019. More >>

Commemorative coin wins top international awards

Wednesday, 16 October 2019, 2:46 pm | Reserve Bank

The International Association of Currency Affairs (IACA) has recognised the Reserve Bank of New Zealand by awarding its Armistice Day coin winner of the Best Commemorative Coin and Best Public Education categories. More >>

Supporting sustainable economic growth

Wednesday, 16 October 2019, 11:33 am | Reserve Bank

Reserve Bank of New Zealand’s Deputy Governor, Geoff Bascand, is speaking today at the Citi Conference in Sydney. The speech Supporting sustainable economic growth through financial stability policy covers how the Reserve Bank promotes sustainability ... More >>



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