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Reserve Bank - Latest News [Page 7]

Reserve Bank Consults On The Future Of Money

Thursday, 30 September 2021, 9:14 am | Reserve Bank

“Commercial banks, the wider cash industry and Te Pūtea Matua (the Reserve Bank) need to seize opportunities and innovate to ensure that the cash, money and ways to pay continue to serve New Zealanders’ needs,” says Assistant Governor Christian ... More >>

Reserve Bank Tightens LVR Restrictions

Thursday, 23 September 2021, 10:10 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua will proceed with its proposal to tighten Loan-to-Value Ratio (LVR) restrictions on lending to owner-occupiers to reduce risky mortgage lending. From 1 November 2021, we will be restricting the amount ... More >>

A least regrets approach to uncertainty: Hawks, Doves and the White Heron (he Kōtuku)

Tuesday, 21 September 2021, 9:11 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua makes decisions about official interest rates in a way that is robust in the face of uncertainty about the economy, Reserve Bank Assistant Governor Christian Hawkesby says in a speech published today*. ... More >>

Thematic review of bank liquidity identifies areas for improvement

Wednesday, 8 September 2021, 2:00 pm | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua has undertaken a thematic review of banks’ compliance with our liquidity policy, identifying a range of system, controls and risk management weaknesses as well as areas of good practice that the ... More >>

Deputy Governor Geoff Bascand departing Bank in early 2022

Tuesday, 7 September 2021, 12:05 pm | Reserve Bank

Deputy Governor and General Manager Financial Stability Geoff Bascand will leave the Reserve Bank of New Zealand – Te Pūtea Matua in early 2022. More >>

Tighter LVRs proposed to reduce risky mortgage lending

Friday, 3 September 2021, 10:11 am | Reserve Bank

The Reserve Bank – Te Pūtea Matua – is seeking views on its proposal to reduce risky mortgage lending by further reducing the amount of high Loan-to-Value Ratio (LVR) lending to owner-occupiers. “We propose restricting the amount of lending ... More >>

Reserve Bank welcomes High Court decision penalising TSB

Tuesday, 31 August 2021, 11:38 am | Reserve Bank

The Reserve Bank - Te Pūtea Matua welcomes the High Court’s decision to impose a civil penalty on TSB Bank Limited for breaches of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act). More >>

Reserve Bank invites feedback on insurance protection

Tuesday, 31 August 2021, 10:01 am | Reserve Bank

The Reserve Bank – Te Pūtea Matua – is seeking engagement on its insurance policyholder security consultation which discusses whether the current legislation gives policyholders the protection that they expect. More >>

Mortgage rates move with official interest rates

Monday, 30 August 2021, 9:17 am | Reserve Bank

Home loan borrowers start to feel the initial impact of a rise or fall in official interest rates within a month, but the biggest impact on mortgage rates takes about six months. More >>

COVID-19 Level 4 Essential Services – Financial Sector

Thursday, 26 August 2021, 2:11 pm | Reserve Bank

New Zealand is at Alert Level 4. Financial services are not included as ‘Alert level 4 businesses or services’ in the Public Health Response (Alert Level Requirements) Order (No 9) 2021. However, the Director General of Health has declared that: Registered ... More >>

RBNZ’s Additional Monetary Policy toolkit- RAMPed up

Wednesday, 25 August 2021, 9:20 am | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua rapidly developed and introduced additional monetary policy (AMP) tools in the wake of the COVID-19 pandemic in 2020. This Reserve Bank Bulletin brings together details of the new tools and how they ... More >>

House prices above sustainable levels

Thursday, 19 August 2021, 9:36 am | Reserve Bank

House prices are above their sustainable level the Reserve Bank – Te Pūtea Matua – says. In comments prepared for a hearing of the Finance and Expenditure Committee, Reserve Bank Governor Adrian Orr said New Zealand’s house prices are above a level ... More >>

Official Cash Rate on hold at 0.25 percent

Wednesday, 18 August 2021, 2:00 pm | Reserve Bank

The Monetary Policy Committee agreed to retain the current stimulatory level of monetary settings, keeping the Official Cash Rate (OCR) at 0.25 per cent for now. Today’s decision was made in the context of the Government’s imposition of Level ... More >>

New Foundations To Strengthen And Modernise The Reserve Bank

Wednesday, 11 August 2021, 10:06 am | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua today welcomed the passing of new legislative foundations that will strengthen and modernise the way it operates and is governed. The Reserve Bank of New Zealand Act (RBNZ Act) 2021 replaces the ... More >>

Formal AML/CFT Warning Issued To Westpac Banking Corporation

Wednesday, 11 August 2021, 8:28 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua has today issued a formal warning to the New Zealand branch of Westpac Banking Corporation (WBC) for failing to report prescribed transactions as required by the Anti-Money Laundering and Countering Financing ... More >>

Reserve Bank Considers Tighter Mortgage Lending Standards

Tuesday, 3 August 2021, 9:00 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua – will soon begin consulting on ways to tighten mortgage lending standards, Deputy Governor and General Manager for Financial Stability Geoff Bascand says. The action follows the signing of an ... More >>

Incomes Rise For Mortgage Holders As Interest Rates Fall

Tuesday, 27 July 2021, 9:37 am | Reserve Bank

The reduction in interest rates since 2016 has increased cash-in-hand for mortgage holders while also reducing income for those who do not have mortgages through lower deposit rates, a Reserve Bank paper shows. The household cash flow effects of low ... More >>

Reserve Bank And FMA Consult On Implementing New Law To Safeguard The ’plumbing’ Of The Financial System

Monday, 26 July 2021, 2:10 pm | Reserve Bank

Groups with an interest in the financial market transactions and payments are being asked for their views on how a new law governing the ‘plumbing’ of the financial system should be implemented. The Financial Market Infrastructure Act became law ... More >>

Reserve Bank Consults On Interim Insurance Solvency Standard

Thursday, 22 July 2021, 10:44 am | Reserve Bank

The Reserve Bank – Te Pūtea Matua – is today welcoming views on an interim Solvency Standard for insurers, which will determine the minimum amounts of capital that insurers must hold. The interim standard is needed in order to take account ... More >>

Council Of Financial Regulators Website

Wednesday, 21 July 2021, 1:47 pm | Reserve Bank

The Council of Financial Regulators (CoFR) – Kaunihera Kaiwhakarite Ahumoni – has created a new website. You can view it here. CoFR contributes to maximising New Zealand’s sustainable, economic wellbeing through effective and responsive regulation ... More >>

   

 
 
 
 
 

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