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Reserve Bank - Latest News [Page 5]
Feedback Sought On Improving Māori Access To Capital
Tuesday, 9 August 2022, 12:07 pm | Reserve Bank
Te Pūtea Matua – the Reserve Bank of New Zealand is seeking feedback on its issues paper Improving Māori Access to Capital . Reserve Bank Governor Adrian Orr said that helping to uncover barriers for Māori business was a key step in unlocking ... More >>
BNZ Issued Formal Warning Under AML/CFT Act
Friday, 8 July 2022, 8:42 am | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua is reminding reporting entities of their AML/CFT reporting obligations following the issuance of a formal warning to the Bank of New Zealand (BNZ). BNZ was issued a formal warning under section 80 ... More >>
Reserve Bank Welcomes New Legislative Foundations
Friday, 1 July 2022, 10:53 am | Reserve Bank
The Reserve Bank of New Zealand - Te Pūtea Matua has today welcomed commencement of its new foundational legislation the RBNZ Act 2021. The new Act replaces previous legislation that was more than 30 years old, and ushers in a new statutory governance ... More >>
Proposed Approach To Liquidity Policy Review Receives Broad Support
Tuesday, 14 June 2022, 10:15 am | Reserve Bank
The first stage of the Reserve Bank’s Liquidity Policy Review has shown broad support for the review. The objective of our liquidity policy is to strengthen financial stability by lowering the likelihood of liquidity problems affecting the deposit ... More >>
Reserve Bank Details Planned Sales Of New Zealand Government Bonds
Thursday, 9 June 2022, 9:12 am | Reserve Bank
This Financial Markets Statement outlines the operational details of the sales of New Zealand Government Securities purchased under the Large Scale Asset Purchase (LSAP) Programme. On 23 February 2022, the Monetary Policy Committee (MPC) agreed ... More >>
End Of Dividend Restriction Requires Ongoing Prudence
Thursday, 2 June 2022, 10:47 am | Reserve Bank
The Reserve Bank of New Zealand - Te Pūtea Matua is normalising the process for banks setting dividend payments, by removing the restrictions placed on the country’s registered trading banks at the height of the COVID-19 pandemic. The removal of restrictions ... More >>
Interim Insurance Solvency Standard Further Refined
Tuesday, 31 May 2022, 3:35 pm | Reserve Bank
The Reserve Bank of New Zealand - Te Pūtea Matua is today publishing a ‘review version’ of the insurance interim solvency standard, which determines the minimum amounts of capital that insurers must hold. A review of the insurance solvency standards ... More >>
Independent Report Finds Improvement In Westpac NZ’s Liquidity Management
Monday, 30 May 2022, 5:13 pm | Reserve Bank
An independent report into Westpac NZ’s liquidity risk management has found that it is moving in the right direction as it builds a proactive risk culture. In March 2021 the Reserve Bank of New Zealand - Te Pūtea Matua required Westpac NZ to commission ... More >>
Monetary Conditions Tighten By More And Sooner
Wednesday, 25 May 2022, 2:27 pm | Reserve Bank
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.0 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and support maximum sustainable employment. ... More >>
Insurance Policyholder Protection Consultation Helps Shape Future Policy
Tuesday, 24 May 2022, 10:14 am | Reserve Bank
Feedback from our consultation on the rules governing policyholder security in our insurance legislation will help to shape the final policy. An important purpose of New Zealand’s insurance legislation is to promote a financially sound insurance ... More >>
Impact Of Russia Sanctions On AML/CFT Reporting Entities
Friday, 18 March 2022, 4:47 pm | Reserve Bank
This morning the Ministry of Foreign Affairs and Trade (MFAT) detailed the individuals, entities, and classes of persons impacted by the Russia Sanctions Act 2022 (the Sanctions Act) that was passed by Parliament on 9 March in response to Russia’s illegal invasion ... More >>
RBNZ Appoints New Director Of Economics And Chief Economist
Thursday, 10 March 2022, 1:13 pm | Reserve Bank
Paul Conway will join the Reserve Bank of New Zealand – Te Pūtea Matua as Chief Economist/ Director of Economics, Governor Adrian Orr announced today. “I’m delighted to have Paul join the Reserve Bank. He brings a wealth of leadership and experience ... More >>
Interim Insurance Solvency Standard Refined By Feedback
Wednesday, 9 March 2022, 10:08 am | Reserve Bank
The Reserve Bank – Te Pūtea Matua – has published its feedback to responses received on the draft interim solvency standard for insurers, which determines the minimum amounts of capital that insurers must hold. The interim standard is needed ... More >>
Cash System Redesign Essential To Support Changing Usage
Thursday, 3 March 2022, 10:28 am | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua says its latest survey underscores the need for deliberate changes to the cash system to keep it resilient and efficient while needed and wanted by New Zealanders. Read the Summary Report: 2021 Cash Use ... More >>
Feedback Sought On Liquidity Policy Review
Monday, 28 February 2022, 10:22 am | Reserve Bank
The Reserve Bank of New Zealand - Te Pūtea Matua is seeking feedback on proposed changes to our liquidity policy for registered banks. Liquidity is a measure of the cash and other assets that can be quickly sold at a reliable price to pay bills and ... More >>
Tackling Inflation During A Pandemic
Friday, 25 February 2022, 9:10 am | Reserve Bank
Central banks around the world are currently being confronted by a challenge we have not experienced for some time: high and sustained inflationary pressure, Reserve Bank of New Zealand – Te Pūtea Matua – Governor Adrian Orr says in a speech ... More >>
More Tightening Needed
Wednesday, 23 February 2022, 2:15 pm | Reserve Bank
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1 percent. The Committee also agreed to commence the gradual reduction of the Reserve Bank’s bond holdings under the Large Scale Asset Purchase (LSAP) programme - through ... More >>
Reserve Bank Monetary Policy Committee Reappointments; New Members
Tuesday, 22 February 2022, 3:04 pm | Reserve Bank
Bob Buckle and Peter Harris have been reappointed as external members of the Reserve Bank of New Zealand’s Monetary Policy Committee (MPC), Grant Robertson said. The MPC is responsible for the monetary policy decisions needed to support maximum sustainable ... More >>
Reserve Bank Invites Feedback On Dual Reporting Requirements
Tuesday, 22 February 2022, 10:13 am | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua is inviting feedback on the dual reporting requirements that follow the Capital Review. We launched our fundamental review of the capital adequacy framework for New Zealand registered banks (the ‘Capital ... More >>
Innovation Key To The Future Of Money And Cash
Tuesday, 8 February 2022, 4:20 pm | Reserve Bank
New Zealand’s money and cash system is at a “cross road” and innovation is necessary to build a sustainable future, Adrian Orr, Governor of the Reserve Bank of New Zealand – Te Pūtea Matua told a conference of Angel Investors in Wellington ... More >>
