Banking
ANZ NZ CEO David Hisco suggests RBNZ's capital proposals would saddle New Zealanders with an additional $2.4 billion of costs per annum
3rd May 19, 9:30am
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ANZ NZ CEO David Hisco suggests RBNZ's capital proposals would saddle New Zealanders with an additional $2.4 billion of costs per annum
BNZ posts 12% increase in interim profit to $550 mln with income up and expenses & bad debts both falling. Parent NAB says BNZ may need to 'reprice and/or reduce' lending to meet RBNZ capital proposals
2nd May 19, 10:35am
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BNZ posts 12% increase in interim profit to $550 mln with income up and expenses & bad debts both falling. Parent NAB says BNZ may need to 'reprice and/or reduce' lending to meet RBNZ capital proposals
ANZ Group CEO Shayne Elliott says bank can't expect its shareholders to 'unreasonably subsidise' its ambitions in New Zealand if changes to bank regulatory capital requirements are onerous
2nd May 19, 5:00am
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ANZ Group CEO Shayne Elliott says bank can't expect its shareholders to 'unreasonably subsidise' its ambitions in New Zealand if changes to bank regulatory capital requirements are onerous
ANZ NZ half-year net profit after tax drops 4% from last year's record high despite higher income and lower expenses and loan impairments more than halving
1st May 19, 9:55am
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ANZ NZ half-year net profit after tax drops 4% from last year's record high despite higher income and lower expenses and loan impairments more than halving
Amid ongoing activity around the FMA-Reserve Bank review of banks' conduct and culture, a Consumer NZ survey finds one in five bank customers being offered products they didn't request
24th Apr 19, 12:50pm
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Amid ongoing activity around the FMA-Reserve Bank review of banks' conduct and culture, a Consumer NZ survey finds one in five bank customers being offered products they didn't request
Credit rating agency Fitch says ANZ NZ, ASB, BNZ and Westpac NZ 'won't need to do anything extraordinary' to meet RBNZ's proposed increased capital requirements
24th Apr 19, 5:00am
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Credit rating agency Fitch says ANZ NZ, ASB, BNZ and Westpac NZ 'won't need to do anything extraordinary' to meet RBNZ's proposed increased capital requirements
Reserve Bank proposals to increase bank capital requirements seen creating residential mortgage market opportunity for non-bank lenders
23rd Apr 19, 5:00am
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Reserve Bank proposals to increase bank capital requirements seen creating residential mortgage market opportunity for non-bank lenders
Reserve Bank allows an extra two weeks for submissions on its proposals to increase bank capital requirements
16th Apr 19, 4:45pm
Reserve Bank allows an extra two weeks for submissions on its proposals to increase bank capital requirements
Supreme Court potentially paves the way for the FMA to take action against ANZ on behalf of Ross Asset Management investors. FMA 'pleased', ANZ 'disappointed'
12th Apr 19, 12:01pm
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Supreme Court potentially paves the way for the FMA to take action against ANZ on behalf of Ross Asset Management investors. FMA 'pleased', ANZ 'disappointed'
S&P closely watching how open banking could impact the competitive dynamics for banks and potentially their credit ratings
12th Apr 19, 9:53am
S&P closely watching how open banking could impact the competitive dynamics for banks and potentially their credit ratings
The RBNZ proposes to designate ANZ, ASB, BNZ and Westpac as systemically important banks meaning they'd have capital requirements above and beyond other banks
11th Apr 19, 1:47pm
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The RBNZ proposes to designate ANZ, ASB, BNZ and Westpac as systemically important banks meaning they'd have capital requirements above and beyond other banks
Bank CEO says meeting new regulatory requirements by removing pay incentives linked to sales resulted in an initial drop in sales of up to 20%
10th Apr 19, 5:34pm
Bank CEO says meeting new regulatory requirements by removing pay incentives linked to sales resulted in an initial drop in sales of up to 20%
The Reserve Bank names Yuong Ha its new Chief Economist and Vanessa Rayner Head of Financial Markets
9th Apr 19, 11:17am
The Reserve Bank names Yuong Ha its new Chief Economist and Vanessa Rayner Head of Financial Markets
Social impacts of banking crises a relevant consideration for bank capital policy, RBNZ background paper on proposals to increase bank capital requirements says
5th Apr 19, 5:00am
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Social impacts of banking crises a relevant consideration for bank capital policy, RBNZ background paper on proposals to increase bank capital requirements says
Fitch says big 4 NZ banks' strong operating profitability relative to international peers likely to continue, supported by strong franchises and pricing power
4th Apr 19, 10:01am
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Fitch says big 4 NZ banks' strong operating profitability relative to international peers likely to continue, supported by strong franchises and pricing power
FMA and RBNZ say 'thorough' review of responses from 11 banks to conduct and culture review will take several weeks
2nd Apr 19, 9:43am
FMA and RBNZ say 'thorough' review of responses from 11 banks to conduct and culture review will take several weeks
Rabobank NZ 'committed to ensuring its governance and management frameworks remain appropriate and consistent with regulator expectations and requirements'
1st Apr 19, 12:15pm
Rabobank NZ 'committed to ensuring its governance and management frameworks remain appropriate and consistent with regulator expectations and requirements'
Joanna Trezise says a Court of Appeal ruling in an FMA vs ANZ case gives useful clarification of the FMA’s step-in powers under the Financial Markets Authority Act
25th Mar 19, 9:38am
Joanna Trezise says a Court of Appeal ruling in an FMA vs ANZ case gives useful clarification of the FMA’s step-in powers under the Financial Markets Authority Act
The OECD's global initiative aimed at combating tax evasion could have dire economic consequences in China, argues Antonio Foglia
22nd Mar 19, 10:38am
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The OECD's global initiative aimed at combating tax evasion could have dire economic consequences in China, argues Antonio Foglia
Background wholesale money costs are changing lower, but not at the durations that will have much influence on fixed mortgage rates
21st Mar 19, 1:10pm
Background wholesale money costs are changing lower, but not at the durations that will have much influence on fixed mortgage rates
Interim CEO of NZCU Baywide, which is taking over three other credit unions, says he's 'quite comfortable' with their Oracle core banking platform
19th Mar 19, 11:25am
Interim CEO of NZCU Baywide, which is taking over three other credit unions, says he's 'quite comfortable' with their Oracle core banking platform
Steelsands Credit Union members reject transfer of engagements under the Friendly Societies and Credit Unions Act to Credit Union Baywide
18th Mar 19, 9:44am
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Steelsands Credit Union members reject transfer of engagements under the Friendly Societies and Credit Unions Act to Credit Union Baywide
Update from Stephen Sedgwick says Aussie banks weaning themselves off reliance on pay incentives linked to sales in retail banking
13th Mar 19, 4:27pm
Update from Stephen Sedgwick says Aussie banks weaning themselves off reliance on pay incentives linked to sales in retail banking
Members of the troubled Aotearoa Credit Union rubber-stamp takeover by Credit Union Baywide
13th Mar 19, 12:20pm
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Members of the troubled Aotearoa Credit Union rubber-stamp takeover by Credit Union Baywide
RBNZ bank capital proposals appear quite sensible given the unique New Zealand banking market structure, Deutsche Bank analysts say
13th Mar 19, 5:00am
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RBNZ bank capital proposals appear quite sensible given the unique New Zealand banking market structure, Deutsche Bank analysts say