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Reserve Bank - Latest News [Page 9]
Reserve Bank Response To Illegal Breach Of Data System
Monday, 11 January 2021, 5:54 pm | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua continues to respond with urgency to a breach of a third party file sharing service used to share information with external stakeholders. Governor Adrian Orr says the breach is contained, but it will ... More >>
Reserve Bank's Response To Minister Of Finance
Friday, 11 December 2020, 11:11 am | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua – has this morning published its detailed response to the letter from the Minister of Finance, Hon Grant Robertson sent on 24 November 2020. A copy of the Bank’s response is available on the Reserve ... More >>
Reserve Bank Issues Formal Directions To Pacific International Insurance
Thursday, 3 December 2020, 10:00 am | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua has today issued formal directions to Pacific International Insurance Pty Limited following repeated failings with its regulatory reporting. The directions were made under section 143 of the Insurance ... More >>
Reserve Bank Invites Feedback On Scope Of Insurance Act And Structure Of Solvency Standards
Monday, 30 November 2020, 2:42 pm | Reserve Bank
The Reserve Bank – Te Pūtea Matua is today launching dual consultations on the scope of the Insurance Prudential Supervision Act (IPSA) 2010 and associated Insurer Solvency Standards. Prudential regulation of insurers aims to ensure that insurance ... More >>
Reserve Bank To Assess ESAS Outage
Monday, 30 November 2020, 2:07 pm | Reserve Bank
Transactions are now flowing through the Reserve Bank of New Zealand’s Exchange Settlement Account System (ESAS) after an outage this morning. The Reserve Bank is now looking into the cause of the outage. ESAS allows individual transactions between ... More >>
South Pacific Central Bank Governors' Committed To Cost Effective Remittances
Friday, 20 November 2020, 3:50 pm | Reserve Bank
At the South Pacific Central Bank Governors’ Meeting on 17-18 November 2020, the South Pacific Governors agreed that access to cost-effective remittances remains a high priority focus for the region. A key focus has been their collective effort ... More >>
Reserve Bank Reviewing Internal Information Processes
Wednesday, 18 November 2020, 4:03 pm | Reserve Bank
The Reserve Bank has engaged Deloitte to independently review internal processes, after information was accidentally disclosed to a small group of financial services firms a short time before it was made public in the November Monetary Policy Statement ... More >>
Further Regulatory Steps To Promote Cashflow Confidence And Stability
Wednesday, 11 November 2020, 8:50 am | Reserve Bank
Reserve Bank delays start date for increases in bank capital The Reserve Bank – Te Pūtea Matua is further delaying the start of increases in bank capital until 2022 to allow banks continued headroom to respond to the effects of the COVID-19 ... More >>
RBNZ Signs ISDA’s IBOR Fallbacks Protocol
Friday, 30 October 2020, 10:10 am | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua has signed the ‘IBOR Fallbacks Protocol’ published by the International Swaps and Derivatives Association (ISDA). As a market participant, this is an important step for the Bank to support an effective ... More >>
Progressing Climate Action By Driving Transformational Change
Wednesday, 28 October 2020, 11:20 am | Reserve Bank
Addressing the risks of climate change requires broad transformational change, Reserve Bank Governor Adrian Orr says. In a speech delivered today at the Pacific Ocean Pacific Climate Conference, Mr Orr reflected on the need for transformational change, as ... More >>
Working Together To Support Economic Recovery, Strengthen Resilience, And Develop Culture
Thursday, 22 October 2020, 9:37 am | Reserve Bank
Collaboration and understanding between regulators and the financial institutions they oversee is increasingly critical as our economy responds and recovers from the COVID-19 pandemic, Reserve Bank Assistant Governor and General Manager for Governance, ... More >>
Reserve Bank Releases Guidance To Help Build Cyber Resilience
Tuesday, 20 October 2020, 10:08 am | Reserve Bank
The Reserve Bank – Te Pūtea Matua is today releasing draft guidance on what regulated entities should consider when managing cyber resilience. The cyber world has long been recognised as a significant source of operational risk for financial institutions, ... More >>
Reserve Bank Seeks To Preserve Benefits Of Cash
Monday, 19 October 2020, 2:15 pm | Reserve Bank
The Reserve Bank – Te Pūtea Matua is taking on a new role of steward of the cash system “to preserve the benefits of cash for all who need them”, Assistant Governor Christian Hawkesby told the Royal Numismatics Society of New Zealand annual conference ... More >>
Maintaining Monetary And Financial Stability And Delivering On Our Commitments
Thursday, 1 October 2020, 2:27 pm | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua – is committed to maintaining the soundness of New Zealand’s financial system and supporting economic recovery through unanticipated and unprecedented challenges. “We take our commitment as ... More >>
Reserve Bank Relaunches Insurance Act Review
Thursday, 1 October 2020, 10:16 am | Reserve Bank
The Reserve Bank – Te Pūtea Matua is today relaunching the review of the Insurance (Prudential Supervision) Act (IPSA), and commencing a review of the associated Insurer Solvency Standards. IPSA Review The IPSA review was deferred due to work on the Reserve ... More >>
Stress Test Reinforces Importance Of Bank Capital
Thursday, 17 September 2020, 2:07 pm | Reserve Bank
The Reserve Bank’s – Te Pūtea Matua – latest stress test of New Zealand’s banks illustrates the benefit and necessity of shoring up bank capital in the good times to provide resilience. The COVID-19 pandemic has demonstrated that large shocks ... More >>
Same Objectives, Different Challenges
Wednesday, 2 September 2020, 12:37 pm | Reserve Bank
The Reserve Bank’s goals of monetary and financial stability, and team values and capabilities, put it in good stead to manage the evolving economic consequences of the global COVID-19 pandemic. “There is no precedent for an economic shock of ... More >>
Changes To Term Lending Facility
Thursday, 20 August 2020, 3:28 pm | Reserve Bank
In conjunction with the Government’s review of the Business Finance Guarantee Scheme, the Reserve Bank today outlined the revised operational details of the Term Lending Facility (TLF). Under the revised facility, the Reserve Bank will continue ... More >>
The Reserve Bank's Balance Sheet Set To Expand Further In Response To COVID-19
Thursday, 20 August 2020, 10:07 am | Reserve Bank
The Reserve Bank’s balance sheet will continue to grow as it supports the economy and financial system in response to the COVID-19 pandemic. In a speech to the ANZ-KangaNews New Zealand Capital Markets Forum, Assistant Governor Christian Hawkesby outlined ... More >>
Reserve Bank Extending Mortgage Deferral Scheme
Monday, 17 August 2020, 3:18 pm | Reserve Bank
The Reserve Bank - Te Pūtea Matua - is announcing an extension of the regulatory guidance for the mortgage deferrals programme to help customers in need. Since the original guidance was issued in March, many lenders have been supporting customers ... More >>
