prudential regulation
Gareth Vaughan suggests ANZ and its fellow big banks are starting to look snookered. Could it be time for them to accept they're now utilities?
25th Aug 19, 6:31am
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Gareth Vaughan suggests ANZ and its fellow big banks are starting to look snookered. Could it be time for them to accept they're now utilities?
Ex-RBNZ director Suzanne Snively, now chairing the RBNZ Act review advisory panel, explains to Gareth Vaughan where she feels the 1989 RBNZ Act went wrong and why she's keen for a broader approach today
23rd Aug 19, 5:00am
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Ex-RBNZ director Suzanne Snively, now chairing the RBNZ Act review advisory panel, explains to Gareth Vaughan where she feels the 1989 RBNZ Act went wrong and why she's keen for a broader approach today
Tougher APRA 'contagion risk' rules may reduce flow of bank dividends from Kiwi subsidiaries to Aussie parent banks with ANZ seeing 'limited capacity to inject capital into ANZ NZ'
21st Aug 19, 7:57am
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Tougher APRA 'contagion risk' rules may reduce flow of bank dividends from Kiwi subsidiaries to Aussie parent banks with ANZ seeing 'limited capacity to inject capital into ANZ NZ'
BusinessNZ CEO Kirk Hope criticises the RBNZ for being 'pretty active' and surprising business, RBNZ Governor Adrian Orr hits back saying the RBNZ is 'forward-looking and transparent'
16th Aug 19, 10:40am
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BusinessNZ CEO Kirk Hope criticises the RBNZ for being 'pretty active' and surprising business, RBNZ Governor Adrian Orr hits back saying the RBNZ is 'forward-looking and transparent'
A less redacted version of ANZ NZ's submission on the RBNZ's proposals to increase bank capital requirements, released to interest.co.nz, includes a surprising admission from the country's biggest bank
13th Aug 19, 11:16am
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A less redacted version of ANZ NZ's submission on the RBNZ's proposals to increase bank capital requirements, released to interest.co.nz, includes a surprising admission from the country's biggest bank
ASB CEO Vittoria Shortt pledges her bank will accept whatever regulatory capital requirements the RBNZ decides to implement, but argues ASB's alternative capital proposals represent a better balance between stability and cost
9th Aug 19, 9:32am
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ASB CEO Vittoria Shortt pledges her bank will accept whatever regulatory capital requirements the RBNZ decides to implement, but argues ASB's alternative capital proposals represent a better balance between stability and cost
AMP goes back to the RBNZ with a new A$3 billion proposal to sell its life insurance business; Announces A$650 million capital raise and plan to divest from its NZ wealth management business
8th Aug 19, 6:01pm
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AMP goes back to the RBNZ with a new A$3 billion proposal to sell its life insurance business; Announces A$650 million capital raise and plan to divest from its NZ wealth management business
New Zealand's big five banks play down suggestions they haven't been fully compliant with the RBNZ's outsourcing policy, all say they'll be compliant with beefed up outsourcing policy by the deadline
25th Jul 19, 9:42am
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New Zealand's big five banks play down suggestions they haven't been fully compliant with the RBNZ's outsourcing policy, all say they'll be compliant with beefed up outsourcing policy by the deadline
Finance Minister Grant Robertson backs the RBNZ, as its latest critic labels it ‘obsessively autarkic, nationalistic and excessively defensive’ and calls for the Government to pull it in line
24th Jul 19, 9:41am
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Finance Minister Grant Robertson backs the RBNZ, as its latest critic labels it ‘obsessively autarkic, nationalistic and excessively defensive’ and calls for the Government to pull it in line
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
David Hargreaves wonders if the push-back, particularly by the Big Four Aussie banks, against the RBNZ's capital proposals may ultimately prove to be counter-productive
17th Jul 19, 10:29am
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David Hargreaves wonders if the push-back, particularly by the Big Four Aussie banks, against the RBNZ's capital proposals may ultimately prove to be counter-productive
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
APRA will make each of ANZ, National Australia Bank and Westpac hold an extra A$500 mln 'to reflect higher operational risk identified in their risk governance self-assessments'
11th Jul 19, 1:02pm
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APRA will make each of ANZ, National Australia Bank and Westpac hold an extra A$500 mln 'to reflect higher operational risk identified in their risk governance self-assessments'
Reserve Bank Governor asks Finance Minister for his 'support' and 'respect', as the regulator of banks and insurers takes a more 'intensive' and 'intrusive' approach
11th Jul 19, 10:11am
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Reserve Bank Governor asks Finance Minister for his 'support' and 'respect', as the regulator of banks and insurers takes a more 'intensive' and 'intrusive' approach
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
Phase two of RBNZ Act review raises the possibility of loan-to-value ratio restrictions being extended from banks to all lenders active in the residential mortgage market
9th Jul 19, 5:00am
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Phase two of RBNZ Act review raises the possibility of loan-to-value ratio restrictions being extended from banks to all lenders active in the residential mortgage market
Fund manager who held major CBL stake contrasts RBNZ's 'very public discourse' around bank capital requirements with its caution about speaking out about an under-capitalised insurer
5th Jul 19, 11:42am
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Fund manager who held major CBL stake contrasts RBNZ's 'very public discourse' around bank capital requirements with its caution about speaking out about an under-capitalised insurer
David Hargreaves thinks the RBNZ should have lost its role as insurance regulator, but since it will be keeping the role, the emphasis needs to be on ensuring it is now better resourced for the job
4th Jul 19, 10:30am
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David Hargreaves thinks the RBNZ should have lost its role as insurance regulator, but since it will be keeping the role, the emphasis needs to be on ensuring it is now better resourced for the job
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
Prime Minister dismissive of ANZ, as it raises concerns over proposed bank capital rules eating away at GDP and pushing lending towards housing
1st Jul 19, 7:13pm
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Prime Minister dismissive of ANZ, as it raises concerns over proposed bank capital rules eating away at GDP and pushing lending towards housing
RBNZ publishes submissions on its bank regulatory capital proposals and a summary of them, offers no specific response but highlights IMF, OECD and S&P comments on stronger bank capital
1st Jul 19, 2:49pm
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RBNZ publishes submissions on its bank regulatory capital proposals and a summary of them, offers no specific response but highlights IMF, OECD and S&P comments on stronger bank capital
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
Whilst ANZ NZ hogs the bank capital misdeeds headlines, Westpac NZ is poised to deliver its response to the RBNZ after being caught out using unapproved capital models 2 years ago
26th Jun 19, 9:53am
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Whilst ANZ NZ hogs the bank capital misdeeds headlines, Westpac NZ is poised to deliver its response to the RBNZ after being caught out using unapproved capital models 2 years ago
Government to introduce deposit protection regime that will likely cover 40% of funds in bank deposits; Treasury warns costs could fall on bank customers, shareholders and taxpayers
24th Jun 19, 4:00pm
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Government to introduce deposit protection regime that will likely cover 40% of funds in bank deposits; Treasury warns costs could fall on bank customers, shareholders and taxpayers
ANZ NZ's regulatory capital modelling and director attestation process to be independently reviewed after falling foul of RBNZ requirements
24th Jun 19, 9:59am
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ANZ NZ's regulatory capital modelling and director attestation process to be independently reviewed after falling foul of RBNZ requirements