Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More
 

Reserve Bank - Latest News [Page 2]

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 >>

Analytical Note Finds Monetary Policy Statements Text Meets Policy Aims

Tuesday, 4 July 2023, 11:08 am | Reserve Bank

An Analytical Note released today by the Reserve Bank of New Zealand – Te Pūtea Matua has found that Monetary Policy Statements are written in a way that matches the aims of monetary policy. The Note provides a textual analysis of 100 Monetary ... More >>

Deposit Takers Legislation Modernises And Strengthens Financial Stability Framework

Friday, 30 June 2023, 11:20 am | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua welcomes the third reading of new legislation that modernises the legislative framework for prudential regulation and supervision of the deposit-taking sector. “The Deposit Takers Bill modernises ... More >>

RBNZ Ramps Up Monitoring Of Stablecoins And Cryptoassets

Friday, 30 June 2023, 11:06 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua is ramping up its monitoring of stablecoins and cryptoassets. This action follows public input to help confirm the issues these new forms of private money might raise for the financial system ... More >>

Insurance Interim Solvency Standard 2023 - Amendment Standard

Monday, 26 June 2023, 2:57 pm | Reserve Bank

The Reserve Bank is reviewing the existing suite of insurance solvency standards, in part to address the new accounting standard for insurance contracts (NZ IFRS 17). We have identified a small number of minor errors in the Interim Solvency Standard ... More >>

Recruitment Of New External Members To The Monetary Policy Committee

Monday, 19 June 2023, 9:22 am | Reserve Bank

A public appointment process has started for 2 external members of the Reserve Bank’s Monetary Policy Committee (MPC) ahead of these members’ terms expiring in 2024. Under its remit, the MPC is responsible for maintaining a stable general level of ... More >>

Reserve Bank Considers Eligibility Changes For Its Settlement Accounts

Thursday, 15 June 2023, 10:43 am | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua is consulting on a new risk assessment framework proposed to evaluate applications to bank with it directly. "Our Exchange Settlement Account System (ESAS) is currently used by 12 major banks, five large ... More >>

Further Decisions On Bank Risk Weights Released

Tuesday, 13 June 2023, 2:38 pm | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua has released its finalised risk weighting decisions following consultation with industry stakeholders. In September 2022, we published our Risk Weights Omnibus Consultation paper, seeking feedback ... More >>

How The Reserve Bank Implements Monetary Policy -Bulletin Article

Tuesday, 13 June 2023, 9:30 am | Reserve Bank

This Bulletin provides an overview of how the Reserve Bank of New Zealand implements monetary policy and manages settlement cash in the banking system.   Monetary policy implementation The Monetary Policy Committee sets the stance of monetary policy ... More >>

LVR Restriction Easing Confirmed

Friday, 26 May 2023, 9:09 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua has confirmed its proposal to ease mortgage loan-to-value ratio (LVR) restrictions. LVR restrictions promote financial stability by limiting high-risk mortgage lending. This is done with the aim of reducing ... More >>

Financial System Resilient

Wednesday, 3 May 2023, 9:48 am | Reserve Bank

New Zealand’s financial system is well placed to handle the higher interest rate environment and international financial disruptions, Governor Adrian Orr says in releasing the May 2023 Financial Stability Report. Global inflation is persisting ... More >>

Financial Strain On Households And Businesses

Tuesday, 2 May 2023, 10:21 am | Reserve Bank

New Zealand’s banking system remains resilient as loans to households and businesses steadily reprice to higher interest rates. Debt servicing costs have risen significantly from historically low levels during the pandemic. For households with a mortgage, ... More >>

Reporting Entities Reminded Of AML CFT Obligations Following ANZ Investigation

Thursday, 27 April 2023, 9:58 am | Reserve Bank

The closure of an investigation into ANZ Bank New Zealand’s (ANZ) self-reported international wire transfers reporting failures is a timely reminder for reporting entities’ AML/CFT obligations. The investigation focussed on ANZ’s failure to ... More >>

Reserve Bank Proposes To Ease LVR Restrictions

Wednesday, 26 April 2023, 9:08 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua is proposing to ease mortgage loan-to-value ratio (LVR) restrictions. LVR restrictions promote financial stability by limiting high-risk mortgage lending. This is done with the aim of reducing the ... More >>

Risk-Weights For Business Growth Fund Released

Monday, 24 April 2023, 10:37 am | Reserve Bank

The Reserve Bank – Te Pūtea Matua has released its finalised risk weighting under bank capital adequacy rules for exposures to the Business Growth Fund (BGF). The BGF was announced in Budget 2022 to help small and medium businesses access finance. ... More >>

Central Banking And Financial Inclusion

Friday, 21 April 2023, 12:10 pm | Reserve Bank

Remarks by Deputy Governor Christian Hawkesby to the Institute of Directors, Canterbury Branch There is no shortage of challenges as a central banker in the current environment, with domestic and global inflation too high and persistent, and the recent fragilities ... More >>

Demand For Better Housing One Factor In Creating Unsustainable House Prices — Discussion Paper

Thursday, 13 April 2023, 11:57 am | Reserve Bank

The unique nature of housing markets makes them prone to periods of temporarily high price surges followed by price declines, a Discussion Paper says. This Reserve Bank of New Zealand – Te Pūtea Matua research paper examines the reason why housing ... More >>

Official Cash Rate Increased To 5.25

Wednesday, 5 April 2023, 2:02 pm | Reserve Bank

The Monetary Policy Committee today increased the Official Cash Rate (OCR) by 50 basis points, from 4.75 percent to 5.25 percent. The Committee agreed the OCR needs to increase, as previously indicated, to return inflation to the 1-3 percent target ... More >>

Stats Alert: Interim Suspension Of Insurance Sector Data, And New Statistics Highlights Widget On RBNZ Homepage

Wednesday, 29 March 2023, 2:51 pm | Reserve Bank

Interim suspension of insurance sector data On 29 March, the Reserve Bank of New Zealand - Te Pūtea Matua, will discontinue the following Quarterly Insurance Survey publications: Insurance companies: Income statement (J10) and Insurance companies: ... More >>

Feedback Sought On Guidance For Managing Climate-related Risks

Wednesday, 29 March 2023, 9:50 am | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua is seeking feedback on proposed new guidance for the financial sector on managing climate-related risks. Deputy Governor Christian Hawkesby says the recent upper North Island floods and Cyclone Gabrielle ... 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.