bank regulation
Challenge of achieving good customer outcomes through vertically integrated banks 'harmed significantly' by staff incentives 'to put away product', FMA says
19th Nov 18, 9:53am
Challenge of achieving good customer outcomes through vertically integrated banks 'harmed significantly' by staff incentives 'to put away product', FMA says
What was in and what was out of the FMA & RBNZ's bank conduct and culture report and why
5th Nov 18, 2:01pm
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What was in and what was out of the FMA & RBNZ's bank conduct and culture report and why
FMA & RBNZ report highlights several ways government could address regulatory gaps to incentivise banks to develop & maintain appropriate management of conduct risk
5th Nov 18, 2:00pm
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FMA & RBNZ report highlights several ways government could address regulatory gaps to incentivise banks to develop & maintain appropriate management of conduct risk
FMA & RBNZ report concludes bank conduct & culture problems not widespread in NZ, but highlights a culture of banks acting in their own, not customers', interests
5th Nov 18, 2:00pm
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FMA & RBNZ report concludes bank conduct & culture problems not widespread in NZ, but highlights a culture of banks acting in their own, not customers', interests
A new 'streamlined' system of prudential supervision covering both banks and non-bank deposit takers is strongly suggested in the consultation document for next stage of Reserve Bank Act
3rd Nov 18, 9:19am
A new 'streamlined' system of prudential supervision covering both banks and non-bank deposit takers is strongly suggested in the consultation document for next stage of Reserve Bank Act
Five things to look for in the Financial Markets Authority and Reserve Bank report on New Zealand banks' conduct and culture
30th Oct 18, 6:30am
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Five things to look for in the Financial Markets Authority and Reserve Bank report on New Zealand banks' conduct and culture
Aussie Royal Commission says bad conduct driven by pursuit of short-term profit at expense of basic standards of honesty. Bank shares rise despite 'day of shame'
28th Sep 18, 5:27pm
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Aussie Royal Commission says bad conduct driven by pursuit of short-term profit at expense of basic standards of honesty. Bank shares rise despite 'day of shame'
BNZ delays comprehensive credit reporting until 2019 blaming 'new requirements introduced by regulators in relation to cloud-based storage platforms'
19th Sep 18, 4:48pm
BNZ delays comprehensive credit reporting until 2019 blaming 'new requirements introduced by regulators in relation to cloud-based storage platforms'
Martien Lubberink says the RBNZ should take a leaf out of APRA's book and adopt international capital ratio definitions
29th Aug 18, 11:25am
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Martien Lubberink says the RBNZ should take a leaf out of APRA's book and adopt international capital ratio definitions
Rabobank NZ, whose governance is now under the spotlight, told the RBNZ 3 years ago it would be the most adversely affected bank by extension of outsourcing policy
13th Aug 18, 2:54pm
Rabobank NZ, whose governance is now under the spotlight, told the RBNZ 3 years ago it would be the most adversely affected bank by extension of outsourcing policy
Heartland Bank eyes restructure to help enable ongoing secured funding for its fast growing Australian reverse mortgages business
4th Aug 18, 10:01am
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Heartland Bank eyes restructure to help enable ongoing secured funding for its fast growing Australian reverse mortgages business
Reserve Bank announces major change to timing of monetary policy announcements ahead of move to committee decision-making structure
28th Jun 18, 4:55pm
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Reserve Bank announces major change to timing of monetary policy announcements ahead of move to committee decision-making structure
Phase 2 of RBNZ Act review to probe macro-prudential tools, IMF findings & potentially separation of monetary policy & prudential supervision responsibilities
7th Jun 18, 10:31am
Phase 2 of RBNZ Act review to probe macro-prudential tools, IMF findings & potentially separation of monetary policy & prudential supervision responsibilities
RBNZ says its revised outsourcing policy should prevent a repeat of BNZ's weekend service loss, starting from September 2022
30th May 18, 5:00am
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RBNZ says its revised outsourcing policy should prevent a repeat of BNZ's weekend service loss, starting from September 2022
Geof Mortlock argues the prudential regulation of banks, insurers and non-bank deposit-takers should be moved from the RBNZ to a new regulatory agency
4th May 18, 10:32am
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Geof Mortlock argues the prudential regulation of banks, insurers and non-bank deposit-takers should be moved from the RBNZ to a new regulatory agency
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RBNZ Governor says differences between deposit insurance & minimum deposit not frozen in OBR scenario are 'technicalities', NZ banks searching for 'skeletons' against backdrop of Aussie Royal Commission
28th Apr 18, 9:30am
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RBNZ Governor says differences between deposit insurance & minimum deposit not frozen in OBR scenario are 'technicalities', NZ banks searching for 'skeletons' against backdrop of Aussie Royal Commission
Despite the revelations from Australia's Financial Services Royal Commission going from bad to worse, don't expect the local offshoots of Australia's big banks to face the same scrutiny in NZ
23rd Apr 18, 10:39am
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Despite the revelations from Australia's Financial Services Royal Commission going from bad to worse, don't expect the local offshoots of Australia's big banks to face the same scrutiny in NZ
New RBNZ Governor says NZ has a 'very unusual tax situation and it reflects back into the banking sector' when asked about a Capital Gains Tax, sees no need for an NZ Royal Commission on banking
22nd Apr 18, 12:11pm
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New RBNZ Governor says NZ has a 'very unusual tax situation and it reflects back into the banking sector' when asked about a Capital Gains Tax, sees no need for an NZ Royal Commission on banking
Independent Panel assisting the Government will recommend shifting ultimate power away from RBNZ Governor; also will suggest industry levies to fund RBNZ's prudential operations
2nd Apr 18, 9:08am
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Independent Panel assisting the Government will recommend shifting ultimate power away from RBNZ Governor; also will suggest industry levies to fund RBNZ's prudential operations
Ex-RBNZ and APRA official, Geof Mortlock, argues the RBNZ's regulation of the financial sector is so inadequate this responsibility should be passed on to a new agency
22nd Mar 18, 12:00pm
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Ex-RBNZ and APRA official, Geof Mortlock, argues the RBNZ's regulation of the financial sector is so inadequate this responsibility should be passed on to a new agency
The Reserve Bank’s approach to the regulatory side of its job has been criticised in the past, notably by the IMF, but what does the Finance Minister think?
21st Mar 18, 4:30pm
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The Reserve Bank’s approach to the regulatory side of its job has been criticised in the past, notably by the IMF, but what does the Finance Minister think?
Gareth Vaughan seeks answers after the RBNZ declines to release a report it commissioned on the requirement for directors to sign-off on the accuracy of bank disclosure
17th Mar 18, 10:00am
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Gareth Vaughan seeks answers after the RBNZ declines to release a report it commissioned on the requirement for directors to sign-off on the accuracy of bank disclosure
Deloitte review commissioned by RBNZ on the regulator's bank director attestation regime 'being kept confidential'
10th Mar 18, 8:58am
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Deloitte review commissioned by RBNZ on the regulator's bank director attestation regime 'being kept confidential'
Martien Lubberink says the RBNZ publishing bank stress test results would stimulate public interest in banks more than the RBNZ's Dashboard will
8th Mar 18, 9:27am
Martien Lubberink says the RBNZ publishing bank stress test results would stimulate public interest in banks more than the RBNZ's Dashboard will
RBNZ's Geoff Bascand says bank reporting 'appropriately' vouched for by bank directors through attestation statements but regulator 'actively considering' steps to enhance effectiveness of attestation
5th Mar 18, 3:39pm
RBNZ's Geoff Bascand says bank reporting 'appropriately' vouched for by bank directors through attestation statements but regulator 'actively considering' steps to enhance effectiveness of attestation