[Updated]
18th Dec 19, 10:27am
Finance Minister confirms govt's deposit insurance plans, reveals plans for new RBNZ governance, Aussie-style bank director & executive accountability, levies to help fund RBNZ, a single deposit takers regime & more
[Updated]
Finance Minister confirms govt's deposit insurance plans, reveals plans for new RBNZ governance, Aussie-style bank director & executive accountability, levies to help fund RBNZ, a single deposit takers regime & more
[Updated]
18th Dec 19, 9:57am
ANZ New Zealand confirms acting CEO Antonia Watson, a 'warm, empathetic and inclusive leader,' will succeed David Hisco on a permanent basis as its CEO
[Updated]
ANZ New Zealand confirms acting CEO Antonia Watson, a 'warm, empathetic and inclusive leader,' will succeed David Hisco on a permanent basis as its CEO
18th Dec 19, 7:37am
Grant Robertson expected on Wednesday to make announcements on a bank deposit protection regime, rule changes related to the accountability of bank executives, and the RBNZ's governance
Grant Robertson expected on Wednesday to make announcements on a bank deposit protection regime, rule changes related to the accountability of bank executives, and the RBNZ's governance
17th Dec 19, 9:40am
Former ANZ NZ chairman John Judge, who oversaw house sale to ex-CEO David Hisco's wife, says the house arrangements were a 'very typical' corporate scenario
Former ANZ NZ chairman John Judge, who oversaw house sale to ex-CEO David Hisco's wife, says the house arrangements were a 'very typical' corporate scenario
13th Dec 19, 8:00am
Acting CEO and wannabe permanent CEO Antonia Watson let off the hook for ANZ NZ's Hisco house deal in report, but importance of CFO, which she used to be, is highlighted in flawed director attestation process
Acting CEO and wannabe permanent CEO Antonia Watson let off the hook for ANZ NZ's Hisco house deal in report, but importance of CFO, which she used to be, is highlighted in flawed director attestation process
[Updated]
12th Dec 19, 2:52pm
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
[Updated]
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
5th Dec 19, 4:47pm
TSB acts to fix areas of its AML/CFT programme 'requiring improvement' and increases minimum capital requirement after regulatory capital errors came to light
TSB acts to fix areas of its AML/CFT programme 'requiring improvement' and increases minimum capital requirement after regulatory capital errors came to light
[Updated]
19th Nov 19, 3:47pm
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
[Updated]
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
8th Nov 19, 12:42pm
Former ASB deputy chairman and experienced company director Jon Hartley set to succeed Susan Macken as Kiwibank chairman
Former ASB deputy chairman and experienced company director Jon Hartley set to succeed Susan Macken as Kiwibank chairman
26th Oct 19, 9:29am
Gareth Vaughan details ANZ New Zealand's long list of faux pas from its annus horribilis and suggests a show of contrition from the bank's top brass would be a welcome step
Gareth Vaughan details ANZ New Zealand's long list of faux pas from its annus horribilis and suggests a show of contrition from the bank's top brass would be a welcome step
17th Oct 19, 1:21pm
Geof Mortlock says despite the RBNZ's concerns, an overlap in directors between a parent bank and its NZ subsidiary is a sound practice bringing benefits to the governance and management of risks of the NZ bank
Geof Mortlock says despite the RBNZ's concerns, an overlap in directors between a parent bank and its NZ subsidiary is a sound practice bringing benefits to the governance and management of risks of the NZ bank
30th Jul 19, 5:00am
Rural lender Rabobank New Zealand consulting with about 40 Wellington-based head office staff about a move to Hamilton
Rural lender Rabobank New Zealand consulting with about 40 Wellington-based head office staff about a move to Hamilton
[Updated]
25th Jul 19, 9:42am
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
[Updated]
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
11th Jul 19, 1:02pm
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'
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'
[Updated]
10th Jul 19, 10:02am
RBNZ Act review consultation paper offers three options for strengthening bank executive and director accountability against the backdrop of the RBNZ having never taken a bank director to court
[Updated]
RBNZ Act review consultation paper offers three options for strengthening bank executive and director accountability against the backdrop of the RBNZ having never taken a bank director to court
10th Jul 19, 9:23am
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
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
2nd Jul 19, 7:28pm
As the bad news continues flowing out of ANZ New Zealand, we seek answers to some pertinent questions
As the bad news continues flowing out of ANZ New Zealand, we seek answers to some pertinent questions
27th Jun 19, 7:32am
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
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
[Updated]
24th Jun 19, 9:59am
ANZ NZ's regulatory capital modelling and director attestation process to be independently reviewed after falling foul of RBNZ requirements
[Updated]
ANZ NZ's regulatory capital modelling and director attestation process to be independently reviewed after falling foul of RBNZ requirements
[Updated]
17th May 19, 1:18pm
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
[Updated]
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
