Scoop has an Ethical Paywall
License needed for work use Register

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


New RBNZ senior manager to be sought

New RBNZ senior manager to be sought

The Reserve Bank will be advertising shortly for a new position in its senior management team.

Reserve Bank Deputy Governor Rod Carr commented “The recent appointment of the Bank’s Financial Markets Department Head Michael Reddell to a position offshore has presented the Bank with an opportunity to refocus some of its activities.

“To that end, the Reserve Bank has decided to amalgamate its Financial Markets and Banking System Departments into a single new Financial Stability Department. The post of Head of the new department will be advertised shortly.

“The amalgamation is not part of a downsizing and staff losses are not intended. Rather, it reflects the Reserve Bank’s view that preserving and enhancing financial stability will be an increasingly important priority in the years ahead. Thus we have concluded that a more integrated effort is required to ensure that this challenge is met.

“In terms of the Reserve Bank’s overall structure, the Economics Department and the Bank’s operational departments will remain for the most part unchanged. There will be three direct reports to the Governor. I will continue as Deputy Governor and Deputy Chief Executive and will be Head of Operations. Assistant Governor David Archer will continue as Head of the Economics Department. The third direct report will be the Head of the new Financial Stability Department,” Dr Carr concluded.


Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
Business Headlines | Sci-Tech Headlines

FMA: MAS To Pay $2.1M Penalty For Making False Representations

Following proceedings brought by the FMA, MAS has been ordered to pay a $2.1M penalty for making false and/or misleading representations to some customers. MAS admitted failing to correctly apply multi-policy discounts and no claims bonus discounts to some customers, failing to correctly apply inflation adjustments on some customer policies, and miscalculating benefit payments.More

IAG: Call On New Government To Prioritise Flood Resilience

The economic toll of our summer of storms continues to mount, with insurance payouts now topping $1B, second only to the Christchurch earthquakes. AMI, State, & NZI have released the latest Wild Weather Tracker, which reveals 51,000 claims for the North Island floods & Cyclone Gabrielle, of which 99% (motor), 97% (contents), and 93% (home) of claims have now been settled. More


Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.