Latest Reserve Bank Headlines

Heartland says new capital rules won't hurt as predicted

Wed, 19 Dec 2018 13:56:43 +1300 | BusinessDesk

Heartland Group Holdings says the impact of the Reserve Bank’s proposal to raise the amount of capital banks have to hold will have a much smaller impact on it than the market expects.More >>

RBNZ's bank capital proposals are 'radical', says Fitch

Wed, 19 Dec 2018 12:42:30 +1300 | BusinessDesk

Dec. 19 (BusinessDesk) - International credit rating agency Fitch says the Reserve Bank's proposals for increased bank capital adequacy ratios are "radical" and "highly conservative relative to international peers", but the result ...More >>

Reserve Bank Act modernised to include focus on employment

Tue, 18 Dec 2018 20:44:30 +1300 | New Zealand Government

The Coalition Government is delivering on its promise to modernise the Reserve Bank Act, with legislation passed by Parliament today introducing a focus on employment outcomes alongside the current price stability mandate, Finance Minister Grant Robertson ...More >>

RBNZ chief economist McDermott leaving central bank

Tue, 18 Dec 2018 15:18:12 +1300 | BusinessDesk

Dec. 18 (BusinessDesk) - Reserve Bank chief economist John McDermott will be leaving the bank next year to join the economic research institute Motu as an executive director. More >>

Reserve Bank aims for best regulatory relationships

Tue, 18 Dec 2018 14:26:44 +1300 | Reserve Bank

In a step toward achieving the best “regulator-regulated” relationships possible, the Reserve Bank (Te Putea Matua) has established a Relationship Charter for working effectively with banks. The Charter will also be discussed with insurers and non-bank ...More >>

Dr John McDermott to join Motu

Tue, 18 Dec 2018 11:42:30 +1300 | Reserve Bank

The Reserve Bank of New Zealand’s Chief Economist Dr John McDermott will be leaving the Bank next year to join the economic research institute Motu. Dr McDermott joined the Reserve Bank of New Zealand in June 2007, heading the Bank's economic function.More >>

Big four banks face stiffer capital requirements from RBNZ

Fri, 14 Dec 2018 20:30:35 +1300 | BusinessDesk

Dec. 14 (BusinessDesk) - The big four Australian-owned banks will have to hold on to more of their domestic earnings over the next five years if the Reserve Bank goes ahead with its proposal for stricter capital requirements. More >>

Reserve Bank proposes bank owners bear greater risks

Fri, 14 Dec 2018 13:17:37 +1300 | Reserve Bank

Reserve Bank proposes that bank owners bear greater share of financial system’s risks The Reserve Bank is consulting on a proposal to raise the level of capital that bank owners must contribute to their business. “Insisting that bank shareholders ...More >>

Reserve Bank publishes climate change strategy

Thu, 13 Dec 2018 10:20:10 +1300 | Reserve Bank

The Reserve Bank today published a strategy focusing on how the Bank can contribute to efforts to mitigate the effects of climate change. More >>

Orr says RBNZ still under-resourced

Wed, 12 Dec 2018 19:32:16 +1300 | BusinessDesk

Dec. 12 (BusinessDesk) - The Reserve Bank continues to be under-resourced, despite paying its third-biggest dividend this year, but the review of the Reserve Bank Act is currently looking at its funding model, governor Adrian Orr says. More >>

RBNZ denies central bank exerted influence over CBLI

Wed, 12 Dec 2018 13:57:04 +1300 | BusinessDesk

Reserve Bank governor Adrian Orr batted away accusations that the central bank had exerted influence over CBL Insurance’s creditors to support them in its bid for liquidation.More >>

RBNZ Senior Leadership Team appointment

Wed, 12 Dec 2018 10:35:13 +1300 | Reserve Bank

The Reserve Bank has appointed Patrick Hoerler to its Senior Leadership Team – as Assistant Governor and General Manager of Business Operations. More >>

Orr says Reserve Bank is looking for a 'sweet spot'

Fri, 30 Nov 2018 19:21:26 +1300 | BusinessDesk

Nov. 30 (BusinessDesk) - Reserve Bank governor Adrian Orr says the central bank thinks there’s a sweet spot in which it can require banks to hold more capital “with no trade-off to efficiency.”More >>

Higher bank capital better for banking system and NZ

Fri, 30 Nov 2018 14:15:25 +1300 | Reserve Bank

We can improve the soundness of the New Zealand banking system by requiring banks to hold more capital with no trade-off to efficiency, Reserve Bank Governor Adrian Orr says.More >>

Updated weights for Trade-Weighted Index

Thu, 29 Nov 2018 16:06:40 +1300 | Reserve Bank

The annual re-weighting of the Trade-Weighted Index (TWI) takes effect on Friday 30 November 2018. More >>

NZ dollar higher after RBNZ financial stability report

Wed, 28 Nov 2018 20:35:36 +1300 | BusinessDesk

Nov. 28 (BusinessDesk) - The New Zealand dollar was higher against the US dollar after the Reserve Bank relaxed curbs on high-risk mortgage lending and said financial stability risks have eased.More >>

Reserve Bank news a boost for summer real estate

Wed, 28 Nov 2018 17:38:16 +1300 | Century 21

News that the Reserve Bank is further relaxing its tough lending rules is a boost for New Zealand’s real estate market going into summer, says Ryan Mitchell, National Manager of Century 21 New Zealand.More >>

RBNZ expects house prices to rise

Wed, 28 Nov 2018 17:11:44 +1300 | BusinessDesk

Nov. 28 (BusinessDesk) - The Reserve Bank expects its latest easing of loan-to-valuation restrictions on bank mortgage lending will feed through into higher house prices. More >>

RBNZ highlights exorbitant life insurance commissions

Wed, 28 Nov 2018 17:10:12 +1300 | BusinessDesk

Nov. 28 (BusinessDesk) - The Reserve Bank is sending a strong signal to the life insurance industry that broker commissions are way out of whack with international comparisons.More >>