The Reserve Bank of New Zealand - Latest News [Page 5]
Proposals To Enhance Clarity Of Risk Weighting Requirements
Thursday, 29 September 2022, 10:27 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand - Te Pūtea Matua is proposing changes to how banks should apply risk weightings to their exposures under bank capital adequacy rules. We are in the process of phasing in the Capital Review decisions from December 2019. ... More >>
Insurance Enforcement And Distress Management Framework Refined By Public Consultation
Monday, 5 September 2022, 10:51 am | The Reserve Bank of New Zealand
The Reserve Bank has reviewed feedback received on its Enforcement and Distress Management consultation for insurers which will help to ensure the final policy is proportionate to the risks faced. The Reserve Bank of New Zealand – Te Pūtea Matua ... More >>
Monetary Policy Tools And The RBNZ Balance Sheet
Thursday, 18 August 2022, 9:00 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua has today published a background paper that outlines why the Reserve Bank deployed the Large Scale Asset Purchases (LSAP) and Funding for Lending Programme (FLP) as part of its monetary policy response ... More >>
Monetary Policy Review
Tuesday, 26 July 2022, 3:50 pm | The Reserve Bank of New Zealand
A report released today, How Central Bank Mistakes after 2019 led to Inflation, has been received by the Reserve Bank of New Zealand – Te Pūtea Matua and will be considered as part of our public Monetary Policy Remit review process underway. ... More >>
Reserve Bank Announces New Standing Repurchase Facility
Monday, 18 July 2022, 9:11 am | The Reserve Bank of New Zealand
The Reserve Bank today announced a facility to improve the anchoring of wholesale short-term interest rates at the Official Cash Rate (OCR). From 20 July 2022, the Reserve Bank will allow eligible counterparties to lend New Zealand dollars (NZD) ... More >>
Monetary Tightening Continues
Wednesday, 13 July 2022, 2:04 pm | The Reserve Bank of New Zealand
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.50 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 >>
Housing (Still) Matters – The Big Picture
Thursday, 30 June 2022, 11:43 am | The Reserve Bank of New Zealand
Housing matters because everyone needs somewhere to live – it is fundamental to our wellbeing, Reserve Bank of New Zealand – Te Pūtea Matua – Chief Economist Paul Conway says in a speech today to the National Property Conference 2022. Housing ... More >>
The Reserve Bank Of New Zealand Is Commencing Its Legislated Five-yearly Review Of Its Monetary Policy Remit
Wednesday, 1 June 2022, 10:14 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua – is commencing its legislated 5-yearly review of its monetary policy Remit. The Remit is provided by the Government and is used to guide the Monetary Policy Committee’s (MPC) decision making in its ... More >>
RBNZ Strengthening Enforcement Framework
Wednesday, 18 May 2022, 2:11 pm | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand - Te Pūtea Matua has published its Enforcement Principles and Criteria Guidelines which are the foundation of our enhanced enforcement framework. “The principles and criteria are part of a broader initiative in which ... More >>
RBNZ Supports Proposals To Strengthen Climate-Related Disclosure
Tuesday, 10 May 2022, 9:57 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua continues to strongly support the External Reporting Board’s (XRB) plans to develop disclosure as a tool to understand and mitigate climate-related financial risks. The XRB is the independent Crown Entity ... More >>
Financial System Resilient To Heightened Challenges
Wednesday, 4 May 2022, 9:49 am | The Reserve Bank of New Zealand
New Zealand’s financial system remains robust in the context of significant global economic challenges, Governor Adrian Orr says in releasing the May 2022 Financial Stability Report . Globally the COVID-19 pandemic continues to pose complex economic ... More >>
Reserve Bank Pleased With Strong Public Interest In The Future Of Money
Friday, 29 April 2022, 10:37 am | The Reserve Bank of New Zealand
Three issues papers published by the Reserve Bank of New Zealand – Te Pūtea Matua have drawn strong support for ensuring cash remains available and accepted, and for the Reserve Bank taking on a broad stewardship role for money and cash. “Feedback ... More >>
Our Evolving View Of Macroprudential Policy
Thursday, 28 April 2022, 10:15 am | The Reserve Bank of New Zealand
The approach to using macroprudential policy tools at the Reserve Bank of New Zealand - Te Pūtea Matua has evolved alongside our experience with them, Deputy Governor Christian Hawkesby says in a speech published today. As a full-service central bank, ... More >>
Māori, Pasifika, Young People And Small Regions Hardest Hit In Job Downturns
Thursday, 31 March 2022, 9:41 am | The Reserve Bank of New Zealand
The Reserve Bank’s Monetary Policy Committee (MPC) uses monetary policy to maintain price stability and support maximum sustainable employment (MSE). This Analytical Note research builds on our understanding of dynamics in New Zealand’s labour market. ... More >>
ANZ NZ Director Attestation Review Finds Marked Improvement In Governance
Tuesday, 29 March 2022, 9:27 am | The Reserve Bank of New Zealand
A review of ANZ New Zealand’s (ANZ) Directors Attestation Framework has found that ANZ has taken appropriate steps to remedy concerns raised in an independent report. In June 2019 the Reserve Bank of New Zealand – Te Pūtea Matua requested ... More >>
RBNZ Launches Material Breach Register
Thursday, 24 March 2022, 9:37 am | The Reserve Bank of New Zealand
To aid transparency of compliance with key bank prudential requirements, the Reserve Bank of New Zealand – Te Pūtea Matua has launched a public material breach register. New Zealand registered banks are required by the Reserve Bank to meet a number of ... More >>
Capital Instruments For Mutual Banks Being Considered
Wednesday, 16 March 2022, 11:21 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand - Te Pūtea Matua is seeking feedback on policy options for mutual banks to issue capital instruments. In December 2019 we published the final decisions from the Capital Review which focused on improving the quality ... More >>
Reserve Bank Seeks Feedback On Insurance Enforcement And Distress Management
Thursday, 10 March 2022, 10:08 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua – is seeking feedback on the penalties and enforcement tools available when supervising insurers and on its powers to manage distressed insurers. This consultation is the third of five that we are ... More >>
RBNZ Welcomes Inclusion Of New Zealand In New IBOR Fallbacks
Friday, 11 February 2022, 9:49 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua has adhered to the December 2021 Benchmark Module of the ISDA 2021 Fallbacks Protocol recently published by the International Swaps and Derivatives Association (ISDA). Importantly, the Benchmark ... More >>
Views Sought On Revising Assurance Reports On Bank Disclosure Statements
Tuesday, 18 January 2022, 2:07 pm | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua – is seeking feedback on proposals to improve the readability of assurance reports required on banks’ disclosure statements. Background to consultation All registered banks operating in New Zealand are required ... More >>