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Reserve Bank - Latest News [Page 6]
Monetary Policy Easing And The Distribution Of Wealth In New Zealand
Friday, 4 February 2022, 9:30 am | Reserve Bank
Analytical Note - key findings The paper investigates the effect of monetary policy shocks on the distribution of wealth using a stylised model of the New Zealand economy. We find that a 50 basis point reduction in the OCR leads to a more equal distribution ... More >>
New Reserve Bank Assistant Governor Appointed, Completing Executive Leadership Team
Thursday, 27 January 2022, 12:38 pm | Reserve Bank
Karen Silk has been appointed as the Assistant Governor / General Manager of Economics, Financial Markets and Banking at the Reserve Bank of New Zealand – Te Pūtea Matua. Ms Silk is a highly experienced financial services executive, currently a general ... More >>
Reserve Bank And FMA Finalise FMI Regulatory Framework
Thursday, 20 January 2022, 10:14 am | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua and the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko have released their finalised framework for assessing the systemic importance of Financial Market Infrastructures (FMIs) following consultation ... More >>
New Banknote Signature In Circulation:Grant Spencer, $20
Monday, 13 December 2021, 2:10 pm | Reserve Bank
Grant Spencer was Acting Governor of the Reserve Bank of New Zealand – Te Pūtea Matua from October 2017 to March 2018. <img src="https://img.scoop.co.nz/stories/images/2112/901b15c9ee4e690c79f1.jpeg" width="720" height="353"> During this time we ordered ... More >>
Stress Tests Show Strengthening Bank Resilience
Tuesday, 7 December 2021, 10:30 am | Reserve Bank
The latest stress tests carried out by the Reserve Bank of New Zealand – Te Pūtea Matua show strengthening resilience in the banking sector and the benefits of continuing to build capital buffers. Our annual bank stress testing programme helps us understand ... More >>
Deputy Governor Reflects On Time At RBNZ
Tuesday, 7 December 2021, 8:56 am | Reserve Bank
Central bankers must continue to look forward to guard against the unpredictable, Deputy Governor Geoff Bascand says in a speech published today. Mr Bascand joined the Reserve Bank of New Zealand – Te Pūtea Matua in 2013 during the aftermath ... More >>
Feedback Sought On Deposit Takers Bill
Monday, 6 December 2021, 2:18 pm | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua is inviting feedback on the draft legislation for the proposed Deposit Takers Act. The new Deposit Takers Act will create a single regulatory regime for all bank and non-bank deposit takers (NBDTs), ... More >>
New Reserve Bank Assistant Governor Appointed
Tuesday, 30 November 2021, 3:34 pm | Reserve Bank
John McDermott has been appointed as the Assistant Governor/General Manager – Digital Solutions and Security of the Reserve Bank of New Zealand – Te Pūtea Matua. Mr McDermott has been Acting Assistant Governor/General Manager of Business Operations ... More >>
Review Of The Connected Exposures Policy (BS8) For Banks
Monday, 29 November 2021, 10:11 am | Reserve Bank
We are reviewing our connected exposures policy for locally incorporated banks. The review is partly routine as well as a response to requests to resolve ambiguities in the wording of the current policy. The key proposals are to align the Connected ... More >>
External Report Highlights Material Shortcomings With Westpac NZ’s Risk Governance
Thursday, 25 November 2021, 8:30 am | Reserve Bank
An independent report into Westpac New Zealand’s risk governance has highlighted material shortcomings in the Board’s oversight. The Reserve Bank of New Zealand - Te Pūtea Matua in March instructed Westpac NZ to commission an independent report ... More >>
MPC Continues To Reduce Monetary Stimulus
Wednesday, 24 November 2021, 2:04 pm | Reserve Bank
The Monetary Policy Committee agreed to raise the Official Cash Rate (OCR) to 0.75 per cent. The Committee agreed it remains appropriate to continue reducing monetary stimulus so as to maintain price stability and support maximum sustainable employment. ... More >>
Financial System Well-placed To Support Economic Recovery Despite Uncertainty And Risks
Wednesday, 3 November 2021, 9:05 am | Reserve Bank
The resilience of our financial system to the challenges presented by COVID-19 is reassuring given the uncharted waters ahead, Governor Adrian Orr says in releasing the November Financial Stability Report . “Global economic activity continues to ... More >>
Inaugural Insurance Stress Test Highlights Reliance On Reinsurance
Wednesday, 27 October 2021, 10:03 am | Reserve Bank
The first General Insurance Industry Stress Test (GIIST) from the Reserve Bank of New Zealand – Te Pūtea Matua has highlighted the industry’s reliance on offshore reinsurance providers. Stress tests serve an important purpose for regulators and ... More >>
Kua Whakatūria He Rōpū Kaipēke Māori Bankers Rōpū Established
Monday, 18 October 2021, 11:11 am | Reserve Bank
Māori Leaders From The Banking Sector Have Established The First Māori Bankers Rōpū (group), Known As Tāwhia, To Share Ideas And Deepen The Understanding Of Key Issues For Māori Within The More >>
Views Sought On Enforcement Framework
Wednesday, 13 October 2021, 10:19 am | Reserve Bank
The Reserve Bank of New Zealand - Te Pūtea Matua is seeking views on its enforcement framework to promote confidence in compliance across the sectors we regulate. “The Reserve Bank’s Enforcement Department was established in March 2021 to help us ... More >>
RBNZ Senior Leadership Team Structure
Friday, 8 October 2021, 4:15 pm | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua is adjusting the structure of its Senior Leadership Team. Governor Adrian Orr says the Reserve Bank is well advanced in its transformation to meet its new mandate. “We are aware of our future governance ... More >>
Christian Hawkesby Appointed RBNZ Deputy Governor
Wednesday, 6 October 2021, 3:32 pm | Reserve Bank
Christian Hawkesby has been appointed as Deputy Governor of the Reserve Bank of New Zealand – Te Pūtea Matua - taking up the role in January 2022. Mr Hawkesby, who is currently the Assistant Governor / General Manager of Economics, Financial ... More >>
Monetary Stimulus Further Reduced - Official Cash Rate Raised To 0.50 Percent
Wednesday, 6 October 2021, 1:57 pm | Reserve Bank
The Monetary Policy Committee agreed to increase the Official Cash Rate (OCR) to 0.50 per cent. Consistent with their assessment at the time of the August Statement, it is appropriate to continue reducing the level of monetary stimulus so as to maintain ... More >>
Change Of Interim Solvency Standard Implementation Date
Tuesday, 5 October 2021, 2:39 pm | Reserve Bank
In July the Reserve Bank – Te Pūtea Matua ran a consultation on an interim Solvency Standard for insurers, which determines the minimum amounts of capital that insurers must hold. During our consultation we became aware that many insurers might find ... More >>
Maintaining Focus On Economic Wellbeing And Prosperity
Monday, 4 October 2021, 11:01 am | Reserve Bank
Over the past year Te Pūtea Matua - the Reserve Bank of New Zealand has delivered on its role as kaitiaki (guardian) of Aotearoa New Zealand’s financial system. Central to this has been meeting our ongoing mandates and growing our capabilities ... More >>
