Outsourcing
A more hands-on Reserve Bank pleased the big 4 banks are ready for any crisis where their shareholders' interests might differ from NZ Inc's
11th Dec 23, 5:00am
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A more hands-on Reserve Bank pleased the big 4 banks are ready for any crisis where their shareholders' interests might differ from NZ Inc's
After years of work involving thousands of staff & hundreds of millions of dollars, the big four banks say they've met the RBNZ's new outsourcing requirements
14th Nov 23, 5:00am
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After years of work involving thousands of staff & hundreds of millions of dollars, the big four banks say they've met the RBNZ's new outsourcing requirements
Stephen Bartos outlines a three-point plan to untangle the public service from consultants such as PwC
21st Jul 23, 10:32am
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Stephen Bartos outlines a three-point plan to untangle the public service from consultants such as PwC
ANZ NZ CEO says NZ's biggest bank to be ready for new RBNZ outsourcing requirements ahead of schedule, but would've liked to spend the money on customer services
9th May 22, 4:44pm
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ANZ NZ CEO says NZ's biggest bank to be ready for new RBNZ outsourcing requirements ahead of schedule, but would've liked to spend the money on customer services
Gareth Vaughan takes a look at the rather odd ownership review of Westpac NZ run by its Australian parent the Westpac Banking Corporation
26th Jun 21, 9:01am
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Gareth Vaughan takes a look at the rather odd ownership review of Westpac NZ run by its Australian parent the Westpac Banking Corporation
BNZ CEO Angela Mentis says outcome of Westpac's New Zealand ownership review 'will be interesting'
7th May 21, 9:35am
BNZ CEO Angela Mentis says outcome of Westpac's New Zealand ownership review 'will be interesting'
Outgoing Westpac NZ CEO David McLean sees 'finely balanced' decision on whether the Westpac Banking Corporation maintains ownership of Westpac NZ
4th May 21, 7:30am
Outgoing Westpac NZ CEO David McLean sees 'finely balanced' decision on whether the Westpac Banking Corporation maintains ownership of Westpac NZ
With Westpac reviewing its ownership of Westpac NZ, Gareth Vaughan ponders the questions of why anyone might sell an oligopoly bank, and who might want to buy an oligopoly bank
5th Apr 21, 6:31am
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With Westpac reviewing its ownership of Westpac NZ, Gareth Vaughan ponders the questions of why anyone might sell an oligopoly bank, and who might want to buy an oligopoly bank
Australia's Westpac Banking Corporation in 'very early stage' of review of its ownership of Westpac New Zealand
24th Mar 21, 5:00pm
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Australia's Westpac Banking Corporation in 'very early stage' of review of its ownership of Westpac New Zealand
Gareth Vaughan highlights five key takeaways from ANZ NZ as the country's biggest bank reports its annual results and its top brass speak out
4th Nov 19, 9:56am
Gareth Vaughan highlights five key takeaways from ANZ NZ as the country's biggest bank reports its annual results and its top brass speak out
ANZ NZ annual profit falls 8% from last year's record high with costs up 5% and income up 3% as credit impairments rise
31st Oct 19, 9:51am
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ANZ NZ annual profit falls 8% from last year's record high with costs up 5% and income up 3% as credit impairments rise
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
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
ASB CEO Vittoria Shortt says 'huge agenda' of potential regulatory change could lead to price changes for bank customers & credit rationing
8th Feb 19, 11:17am
ASB CEO Vittoria Shortt says 'huge agenda' of potential regulatory change could lead to price changes for bank customers & credit rationing
Co-op Money credit union members working on 'step-in rights' project against backdrop of more expensive than expected new Oracle Flexcube banking system
19th Nov 18, 9:34am
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Co-op Money credit union members working on 'step-in rights' project against backdrop of more expensive than expected new Oracle Flexcube banking system
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
Rabobank NZ says it operates with 'completely appropriate independence' from sister bank Rabobank Australia and its Dutch parent as concerns are raised
8th Aug 18, 5:00am
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Rabobank NZ says it operates with 'completely appropriate independence' from sister bank Rabobank Australia and its Dutch parent as concerns are raised
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
BNZ service loss, blamed on parent NAB, raises questions about its implementation of RBNZ's outsourcing policy & closely follows RBNZ stating foreign controlled banks must acknowledge they are operating in NZ & the responsibilities this implies
28th May 18, 10:40am
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BNZ service loss, blamed on parent NAB, raises questions about its implementation of RBNZ's outsourcing policy & closely follows RBNZ stating foreign controlled banks must acknowledge they are operating in NZ & the responsibilities this implies
RBNZ says banks can afford to pay $550 million to implement its revised outsourcing policy; Says banks' own cost estimates are overblown
6th Feb 17, 7:38am
RBNZ says banks can afford to pay $550 million to implement its revised outsourcing policy; Says banks' own cost estimates are overblown
A review of things you need to know before you go home on Monday: Retail spending up, Chinese company grabs slice of T&G, CEOs resign at Southern Cross Healthcare and Pengxin NZ Farm, Geneva Finance ups profit - announces dividend
11th Jul 16, 4:09pm
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A review of things you need to know before you go home on Monday: Retail spending up, Chinese company grabs slice of T&G, CEOs resign at Southern Cross Healthcare and Pengxin NZ Farm, Geneva Finance ups profit - announces dividend
A review of things you need to know before you go home on Friday: Aussie iron ore price forecast slashed, Spencer's speech sees ANZ rethink an August OCR cut and Key hassles the RBNZ to 'get on with it'
8th Jul 16, 4:00pm
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A review of things you need to know before you go home on Friday: Aussie iron ore price forecast slashed, Spencer's speech sees ANZ rethink an August OCR cut and Key hassles the RBNZ to 'get on with it'
A review of things you need to know before you go home on Thursday: We're trucking along, S&P gets negative on Australia, our eyes are on the RBNZ, Labour eyes emergency housing, dollar and swap rates up
7th Jul 16, 4:00pm
A review of things you need to know before you go home on Thursday: We're trucking along, S&P gets negative on Australia, our eyes are on the RBNZ, Labour eyes emergency housing, dollar and swap rates up
A review of things you need to know before you go home on Wednesday; dairy prices down, Christchurch developers look to Auckland for growth, the Hilton gets a makeover, Sky shareholders approve merger
6th Jul 16, 4:03pm
A review of things you need to know before you go home on Wednesday; dairy prices down, Christchurch developers look to Auckland for growth, the Hilton gets a makeover, Sky shareholders approve merger
A review of things you need to know before you go home on Tuesday; commodity prices rise modestly, RBNZ signals key speech, house prices jump, business sentiment improves, core funding ratio drops, NZD up again
5th Jul 16, 4:00pm
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A review of things you need to know before you go home on Tuesday; commodity prices rise modestly, RBNZ signals key speech, house prices jump, business sentiment improves, core funding ratio drops, NZD up again