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Reserve Bank - Latest News [Page 2]
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 >>
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 >>
