Geoff Bascand
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
Bank bosses divided ahead of key industry workshop on whether new redeemable perpetual preference shares will be fit for retail investors
27th Feb 20, 9:21am
Bank bosses divided ahead of key industry workshop on whether new redeemable perpetual preference shares will be fit for retail investors
RBNZ slams Treasury for ‘deep-seated confusion’ behind Treasury's view the RBNZ's bank capital proposals were too high, and it should've waited for a deposit protection regime to be developed before making a final decision
20th Dec 19, 10:00am
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RBNZ slams Treasury for ‘deep-seated confusion’ behind Treasury's view the RBNZ's bank capital proposals were too high, and it should've waited for a deposit protection regime to be developed before making a final decision
Deloitte report, requested by the RBNZ & commissioned by ANZ NZ, says sale of house to then-CEO David Hisco by ANZ NZ didn't breach bank's policies or highlight system weaknesses in director attestation
12th Dec 19, 2:52pm
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Deloitte report, requested by the RBNZ & commissioned by ANZ NZ, says sale of house to then-CEO David Hisco by ANZ NZ didn't breach bank's policies or highlight system weaknesses in director attestation
Following final decisions in bank regulatory capital review, RBNZ to consult on redeemable perpetual preference shares and the Tier 2 capital instruments in the first half of 2020
10th Dec 19, 7:44am
Following final decisions in bank regulatory capital review, RBNZ to consult on redeemable perpetual preference shares and the Tier 2 capital instruments in the first half of 2020
Final decisions in RBNZ capital review still require $20b increase for banks but composition of capital is softened and banks get 7 years instead of 5 to adapt
5th Dec 19, 12:00pm
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Final decisions in RBNZ capital review still require $20b increase for banks but composition of capital is softened and banks get 7 years instead of 5 to adapt
Gareth Vaughan says the RBNZ's latest Financial Stability Report highlights for banks, insurers and non-bank deposit takers that their regulator will be sticking its nose into their business more often and in more ways than in the past.
29th Nov 19, 5:00am
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Gareth Vaughan says the RBNZ's latest Financial Stability Report highlights for banks, insurers and non-bank deposit takers that their regulator will be sticking its nose into their business more often and in more ways than in the past.
Reserve Bank wants insurers' solvency buffers hiked by a yet-to-be-determined amount; Voices concern over 'material' impact low interest rates are having on life insurers in particular
28th Nov 19, 1:59pm
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Reserve Bank wants insurers' solvency buffers hiked by a yet-to-be-determined amount; Voices concern over 'material' impact low interest rates are having on life insurers in particular
In its latest Financial Stability Report the Reserve Bank says options to address excessive dairy debt are limited as farm sales are at historically low levels
27th Nov 19, 2:52pm
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In its latest Financial Stability Report the Reserve Bank says options to address excessive dairy debt are limited as farm sales are at historically low levels
Australian anti-money laundering regulator alleges more than 23 million contraventions of the law by Westpac Banking Corporation with the RBNZ 'looking closely' for any relevance to Westpac NZ
20th Nov 19, 2:04pm
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Australian anti-money laundering regulator alleges more than 23 million contraventions of the law by Westpac Banking Corporation with the RBNZ 'looking closely' for any relevance to Westpac NZ
RBNZ increases its supervisory monitoring of BNZ and applies a 'precautionary' $250 mln increase to its regulatory capital requirements following the identification of weaknesses in BNZ’s capital calculation processes
19th Nov 19, 3:47pm
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RBNZ increases its supervisory monitoring of BNZ and applies a 'precautionary' $250 mln increase to its regulatory capital requirements following the identification of weaknesses in BNZ’s capital calculation processes
With the countdown to the announcement of final decisions in the RBNZ's broadest ever review of banks' regulatory capital requirements underway, Gareth Vaughan looks at some key issues
3rd Oct 19, 9:22am
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With the countdown to the announcement of final decisions in the RBNZ's broadest ever review of banks' regulatory capital requirements underway, Gareth Vaughan looks at some key issues
Directors say it is 'clear' that additional financial resources will be required for the Reserve Bank in the future
1st Oct 19, 2:48pm
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Directors say it is 'clear' that additional financial resources will be required for the Reserve Bank in the future
RBNZ's external experts reviewing its bank capital proposals suggest changes to countercyclical capital buffers, retaining Tier 2 capital, and reforms to bank executive compensation schemes
1st Oct 19, 10:00am
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RBNZ's external experts reviewing its bank capital proposals suggest changes to countercyclical capital buffers, retaining Tier 2 capital, and reforms to bank executive compensation schemes
The RBNZ defends its decision to block the sale of AMP Life, revealing the wannabe buyer only lodged an application with it 8 months after the proposed deal was announced
19th Jul 19, 9:46am
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The RBNZ defends its decision to block the sale of AMP Life, revealing the wannabe buyer only lodged an application with it 8 months after the proposed deal was announced
AMP share price hits rock bottom on news A$3.3 billion sale of AMP Life 'highly unlikely to proceed' due to RBNZ's disapproval
15th Jul 19, 11:34am
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AMP share price hits rock bottom on news A$3.3 billion sale of AMP Life 'highly unlikely to proceed' due to RBNZ's disapproval
RBNZ Act review consultation paper says there has been a 'material risk' to the financial system from some of NZ's big banks failing to fully comply with the RBNZ's outsourcing policy
10th Jul 19, 9:23am
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RBNZ Act review consultation paper says there has been a 'material risk' to the financial system from some of NZ's big banks failing to fully comply with the RBNZ's outsourcing policy
Independent review finds the RBNZ had concerns about CBL Insurance's solvency from the time it was licensed, but never intervened with any real force; Says the regulator should've deterred the company's parent from floating on the stock exchange
3rd Jul 19, 1:10pm
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Independent review finds the RBNZ had concerns about CBL Insurance's solvency from the time it was licensed, but never intervened with any real force; Says the regulator should've deterred the company's parent from floating on the stock exchange
Reserve Bank Deputy Governor says the central bank is 'comfortable' with further easing in bank lending restrictions for home buying
1st Jul 19, 10:14am
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Reserve Bank Deputy Governor says the central bank is 'comfortable' with further easing in bank lending restrictions for home buying
Deputy Governor Geoff Bascand signals shift in Reserve Bank regulatory approach to a more pro-active, more intensive and more intrusive one after recent shortcomings emerged at banks and insurers
27th Jun 19, 7:32am
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Deputy Governor Geoff Bascand signals shift in Reserve Bank regulatory approach to a more pro-active, more intensive and more intrusive one after recent shortcomings emerged at banks and insurers
The Reserve Bank has undertaken a review of the loan to value ratio (LVR) restrictions and found they have been effective in improving financial stability but have 'an efficiency cost'
22nd May 19, 2:02pm
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The Reserve Bank has undertaken a review of the loan to value ratio (LVR) restrictions and found they have been effective in improving financial stability but have 'an efficiency cost'
RBNZ to use external experts and focus groups in next phases of the biggest review of NZ bank capital requirements ever undertaken
20th May 19, 2:18pm
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RBNZ to use external experts and focus groups in next phases of the biggest review of NZ bank capital requirements ever undertaken
RBNZ revokes ANZ NZ's accreditation to model its own capital requirements due to 'persistent failure' in its controls and attestation, bank must increase minimum capital for operational risk by 60% to $760m
17th May 19, 1:18pm
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RBNZ revokes ANZ NZ's accreditation to model its own capital requirements due to 'persistent failure' in its controls and attestation, bank must increase minimum capital for operational risk by 60% to $760m
Chapman Tripp's Mark Reese and Ross Pennington suggest the RBNZ's proposals to increase the big four banks' capital requirements would benefit from an arbiter
16th May 19, 10:00am
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Chapman Tripp's Mark Reese and Ross Pennington suggest the RBNZ's proposals to increase the big four banks' capital requirements would benefit from an arbiter
Business lobby group BusinessNZ is dismissive of the RBNZ's bank capital proposals yet NZ owned banks argue they would bolster their competitive position vs their big Aussie owned rivals. So why the disconnect?
11th May 19, 9:46am
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Business lobby group BusinessNZ is dismissive of the RBNZ's bank capital proposals yet NZ owned banks argue they would bolster their competitive position vs their big Aussie owned rivals. So why the disconnect?