Banking
RBNZ Governor says the decision to stop the banks paying dividends was to make sure $5 billion of Government money went to New Zealand businesses
22nd Apr 20, 8:37am
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RBNZ Governor says the decision to stop the banks paying dividends was to make sure $5 billion of Government money went to New Zealand businesses
RBNZ Deputy Governor: Saying goodbye to mortgage lending restrictions won't cause rapid credit growth - the bigger risk right now is banks being too conservative
21st Apr 20, 7:12pm
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RBNZ Deputy Governor: Saying goodbye to mortgage lending restrictions won't cause rapid credit growth - the bigger risk right now is banks being too conservative
Adrian Orr sees the economy making a 'sluggish' rather than a 'V-shaped' recovery; Says retail banks should lend 'courageously' but 'we need to keep open-minded to other forms of credit'
16th Apr 20, 7:40pm
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Adrian Orr sees the economy making a 'sluggish' rather than a 'V-shaped' recovery; Says retail banks should lend 'courageously' but 'we need to keep open-minded to other forms of credit'
International co-ordinator the Financial Stability Board has issued a consultation paper with 10 key recommendations for regulation of 'global stablecoins'
15th Apr 20, 4:23pm
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International co-ordinator the Financial Stability Board has issued a consultation paper with 10 key recommendations for regulation of 'global stablecoins'
S&P Global Ratings affirms credit ratings of the Aussie parents of NZ's big four banks but revises outlook on them & Kiwi subsidiaries to negative from stable
8th Apr 20, 5:20pm
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S&P Global Ratings affirms credit ratings of the Aussie parents of NZ's big four banks but revises outlook on them & Kiwi subsidiaries to negative from stable
The Co-operative Bank says it won't be paying customer-members' rebates this year following RBNZ move to halt bank dividends in response to economic fallout from the COVID-19 pandemic
8th Apr 20, 9:58am
The Co-operative Bank says it won't be paying customer-members' rebates this year following RBNZ move to halt bank dividends in response to economic fallout from the COVID-19 pandemic
Fitch downgrades ANZ NZ, ASB, BNZ and Westpac NZ credit ratings by one notch alongside those of their Aussie parents and gives new ratings a negative outlook
8th Apr 20, 7:58am
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Fitch downgrades ANZ NZ, ASB, BNZ and Westpac NZ credit ratings by one notch alongside those of their Aussie parents and gives new ratings a negative outlook
Kiwibank CEO says banks are being 'open-minded' when it comes to assessing credit risk, but warns coming out of lock-down will be more of a 'wicked problem' than going into it was
3rd Apr 20, 12:43pm
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Kiwibank CEO says banks are being 'open-minded' when it comes to assessing credit risk, but warns coming out of lock-down will be more of a 'wicked problem' than going into it was
In a new report ratings agency Moody's Investors Service says disruption from coronavirus will weaken NZ’s economic growth leading to increases in problem loans, weighing on banks’ profitability and capitalisation
2nd Apr 20, 3:28pm
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In a new report ratings agency Moody's Investors Service says disruption from coronavirus will weaken NZ’s economic growth leading to increases in problem loans, weighing on banks’ profitability and capitalisation
RBNZ offers banks more help to encourage them to keep lending... but at a cost, as it restricts them from paying dividends until the economic outlook improves
2nd Apr 20, 10:03am
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RBNZ offers banks more help to encourage them to keep lending... but at a cost, as it restricts them from paying dividends until the economic outlook improves
Rabobank NZ says ex-Fonterra boss Henry van der Heyden is standing down as its chairman 'due to regulatory changes', succeeded by Andy Borland
1st Apr 20, 9:34am
Rabobank NZ says ex-Fonterra boss Henry van der Heyden is standing down as its chairman 'due to regulatory changes', succeeded by Andy Borland
S&P Global Ratings says NZ's big four banks have substantial headroom as they buckle in for a COVID-19 driven increase in bad debts
1st Apr 20, 8:35am
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S&P Global Ratings says NZ's big four banks have substantial headroom as they buckle in for a COVID-19 driven increase in bad debts
Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
31st Mar 20, 2:01pm
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Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
A wrap of all the tricks the Reserve Bank's pulled out of its bag (so far) to keep cash flowing through the economy
31st Mar 20, 7:37am
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A wrap of all the tricks the Reserve Bank's pulled out of its bag (so far) to keep cash flowing through the economy
Most banks set-up to receive mortgage repayment deferral applications online; Customers urged not to swarm call centres
27th Mar 20, 3:33pm
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Most banks set-up to receive mortgage repayment deferral applications online; Customers urged not to swarm call centres
Mortgage holders may need to wait until next week before banks make 6-month payment holiday available; Grant Robertson 'actively working' on extending scheme to building societies
26th Mar 20, 5:39pm
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Mortgage holders may need to wait until next week before banks make 6-month payment holiday available; Grant Robertson 'actively working' on extending scheme to building societies
In the first part of a series on NZ's retail payment systems, Gareth Vaughan details the scale of key players Visa & Mastercard, looks at how & why they pay a miniscule amount of tax & how interchange works
21st Mar 20, 10:00am
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In the first part of a series on NZ's retail payment systems, Gareth Vaughan details the scale of key players Visa & Mastercard, looks at how & why they pay a miniscule amount of tax & how interchange works
John Mauldin apologises to the Federal Reserve and says radical action is required to combat the coronavirus pandemic
20th Mar 20, 9:53am
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John Mauldin apologises to the Federal Reserve and says radical action is required to combat the coronavirus pandemic
The RBNZ issues details of its plan to ensure financial markets don't freeze up during the global Covid-19 emergency
20th Mar 20, 8:20am
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The RBNZ issues details of its plan to ensure financial markets don't freeze up during the global Covid-19 emergency
RBNZ defers regulatory initiatives to enable banks and insurers to focus on tackling COVID-19 challenges; Bank outsourcing policy and insurance review among work affected
18th Mar 20, 2:50pm
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RBNZ defers regulatory initiatives to enable banks and insurers to focus on tackling COVID-19 challenges; Bank outsourcing policy and insurance review among work affected
Heartland Group Holdings says home loan offering well received, sees overall lending growth continuing and is comfortable with its capital, liquidity and deposit reinvestment levels
18th Mar 20, 9:53am
Heartland Group Holdings says home loan offering well received, sees overall lending growth continuing and is comfortable with its capital, liquidity and deposit reinvestment levels
Reserve Bank Governor says banks must not 'just stop lending to everyone' and need to have the courage to 'get out and lend'
17th Mar 20, 11:48am
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Reserve Bank Governor says banks must not 'just stop lending to everyone' and need to have the courage to 'get out and lend'
Chapman Tripp outlines how 'neobanks' could enter the New Zealand market, potentially shaking up the local financial services sector
17th Mar 20, 9:50am
Chapman Tripp outlines how 'neobanks' could enter the New Zealand market, potentially shaking up the local financial services sector
Deputy RBNZ Governor Geoff Bascand: The RBNZ isn't willing to take on the 'additional risk' of going into negative OCR territory; Banks are well-funded for now but future uncertain
16th Mar 20, 3:14pm
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Deputy RBNZ Governor Geoff Bascand: The RBNZ isn't willing to take on the 'additional risk' of going into negative OCR territory; Banks are well-funded for now but future uncertain
RBNZ defers start date of new bank capital rules by a year, giving banks headroom to lend around $47 billion more than would otherwise have been the case
16th Mar 20, 9:20am
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RBNZ defers start date of new bank capital rules by a year, giving banks headroom to lend around $47 billion more than would otherwise have been the case