Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


December 2008 Reserve Bank Bulletin released

Reserve Bank Email Service

Date 19 December 2008
Time 11.30am

December 2008 Reserve Bank Bulletin released

The Reserve Bank today released the December 2008 issue of the Reserve Bank of New Zealand Bulletin.

This edition of the Bulletin is built around the theme of liquidity and New Zealand's financial markets.

The first article discusses the evolution of the Reserve Bank's liquidity management arrangements over the past few years. This evolution includes the measures introduced this year as the global financial system turmoil deepened. The arrangements are now more robust and adaptable to a variety of stresses, including those the economy currently faces.

The second article explores how instability in the international financial system spread far beyond its original source in the US subprime mortgage market, including to New Zealand. The article discusses the key role of New Zealand's debt to offshore investors - a substantial part of which is due to local banks raising funds offshore for lending in New Zealand.

The existence of settlement risk is one reason why banks need to ensure they have adequate liquidity resources at all times. The third article looks at settlement risk in the retail payment system and how the Reserve Bank is addressing it through its payment system oversight activities.

The fourth article explains the new regulatory framework for non-bank deposit takers.

Finally, the edition includes the results of the Reserve Bank's 2008 survey of Bulletin readers.

You can read the Bulletin at the following link:


© Scoop Media

Business Headlines | Sci-Tech Headlines


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>


Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>