Geoff Bascand
RBNZ deputy governor and manager for financial stability Geoff Bascand airs concerns about open banking, sounds lukewarm on the prospect of regulating merchant service fees
15th Oct 20, 9:42am
RBNZ deputy governor and manager for financial stability Geoff Bascand airs concerns about open banking, sounds lukewarm on the prospect of regulating merchant service fees
Reserve Bank's Geoff Bascand says the prudential regulator has seen 'instances and indicators of some vulnerability' in banks' payment systems
14th Oct 20, 9:48am
Reserve Bank's Geoff Bascand says the prudential regulator has seen 'instances and indicators of some vulnerability' in banks' payment systems
RBNZ's just-launched insurance capital review to be based on principles similar to bank capital review
1st Oct 20, 11:22am
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RBNZ's just-launched insurance capital review to be based on principles similar to bank capital review
Reserve Bank stress testing of NZ banks shows them able to maintain required regulatory capital levels and continue lending in a scenario significantly worse than what the regulator expects COVID-19 to cause
17th Sep 20, 2:00pm
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Reserve Bank stress testing of NZ banks shows them able to maintain required regulatory capital levels and continue lending in a scenario significantly worse than what the regulator expects COVID-19 to cause
RBNZ says it's 'imprudent' for insurers to pay dividends at the moment; Announces major insurance capital review to resume in October
14th Sep 20, 5:44pm
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RBNZ says it's 'imprudent' for insurers to pay dividends at the moment; Announces major insurance capital review to resume in October
Kiwibank CEO Steve Jurkovich says the bank has been preparing for the likelihood of a negative OCR by looking closely at what it's likely to mean for product management and customer behaviour
2nd Sep 20, 9:30am
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Kiwibank CEO Steve Jurkovich says the bank has been preparing for the likelihood of a negative OCR by looking closely at what it's likely to mean for product management and customer behaviour
Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
25th Aug 20, 2:48pm
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Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
Banks offering options for affected customers that will enable either a new mortgage deferral or extension to an existing deferral; RBNZ says deferral should not be 'default setting'
17th Aug 20, 3:18pm
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Banks offering options for affected customers that will enable either a new mortgage deferral or extension to an existing deferral; RBNZ says deferral should not be 'default setting'
RBNZ to help banks enable their customers to defer mortgage repayments beyond 6 months; Details expected next week
12th Aug 20, 4:16pm
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RBNZ to help banks enable their customers to defer mortgage repayments beyond 6 months; Details expected next week
RBNZ's Geoff Bascand doesn't want cliff end to mortgage repayment deferrals; Says the implementation of 'aspects’ of new bank capital rules shouldn't be further pushed out
31st Jul 20, 12:25pm
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RBNZ's Geoff Bascand doesn't want cliff end to mortgage repayment deferrals; Says the implementation of 'aspects’ of new bank capital rules shouldn't be further pushed out
FMA's inability to have a say in the AMP Life sale prompts a push for a law change requiring it, as the conduct regulator, to be consulted on mergers/acquisitions
2nd Jul 20, 2:00pm
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FMA's inability to have a say in the AMP Life sale prompts a push for a law change requiring it, as the conduct regulator, to be consulted on mergers/acquisitions
Concerns raised over the RBNZ approving the sale of 200,000 AMP Life insurance policies to a Bermuda-based private equity firm
24th Jun 20, 5:00am
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Concerns raised over the RBNZ approving the sale of 200,000 AMP Life insurance policies to a Bermuda-based private equity firm
RBNZ signs off on sale of AMP Life after the would-be buyer agreed to put in place various measures to protect the 200,000 New Zealand policyholders
23rd Jun 20, 10:11am
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RBNZ signs off on sale of AMP Life after the would-be buyer agreed to put in place various measures to protect the 200,000 New Zealand policyholders
Kiwibank CEO Steve Jurkovich says 'flight to safety' has led to a glut of deposits & 'some people are finding it difficult' with low rates. Advises no 'hard stop' on mortgage deferrals
14th Jun 20, 6:02am
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Kiwibank CEO Steve Jurkovich says 'flight to safety' has led to a glut of deposits & 'some people are finding it difficult' with low rates. Advises no 'hard stop' on mortgage deferrals
QE, the wage subsidy and nervous investors see banks sit with more cash to lend, than borrowers to lend to
4th Jun 20, 3:53pm
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QE, the wage subsidy and nervous investors see banks sit with more cash to lend, than borrowers to lend to
RBNZ Deputy Governor Geoff Bascand says deposit rates could drop to zero and some savers might want to put their money to work elsewhere
28th May 20, 12:02pm
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RBNZ Deputy Governor Geoff Bascand says deposit rates could drop to zero and some savers might want to put their money to work elsewhere
Figures produced by the RBNZ suggest that house price falls in excess of 20% would start to produce large numbers of people in negative equity
27th May 20, 11:34am
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Figures produced by the RBNZ suggest that house price falls in excess of 20% would start to produce large numbers of people in negative equity
Reserve Bank says banks' loan losses will 'rise materially from current low levels', however they should be able to cope in all but the most severe scenarios
27th May 20, 9:44am
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Reserve Bank says banks' loan losses will 'rise materially from current low levels', however they should be able to cope in all but the most severe scenarios
RBNZ says banks haven't been lending heaps partly because some businesses don't want more debt... yet; Meanwhile Grant Robertson eyes new ways to support medium-sized businesses as small businesses pile in for interest free loans from the IRD
14th May 20, 8:32am
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RBNZ says banks haven't been lending heaps partly because some businesses don't want more debt... yet; Meanwhile Grant Robertson eyes new ways to support medium-sized businesses as small businesses pile in for interest free loans from the IRD
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
Reserve Bank eyes removal of loan-to-value ratio mortgage restrictions in response to COVID-19 economic downturn for at least a year
21st Apr 20, 10:15am
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Reserve Bank eyes removal of loan-to-value ratio mortgage restrictions in response to COVID-19 economic downturn for at least a year
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
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
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
Reserve Bank says it wants the country's banks to be focused on looking after their customers
16th Mar 20, 1:20pm
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Reserve Bank says it wants the country's banks to be focused on looking after their customers