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

 

Deputy Governor Geoff Bascand departing Bank in early 2022

Deputy Governor and General Manager Financial Stability Geoff Bascand will leave the Reserve Bank of New Zealand – Te Pūtea Matua in early 2022.

Reserve Bank Governor Adrian Orr says Mr Bascand leaves with the Bank’s deep gratitude for his contribution to the Bank and the wider financial system.

“Geoff has made an incredible contribution to the Bank, and we’re indebted to his leadership, guidance and wisdom,” Mr Orr says.

Mr Bascand has been Deputy Governor with the Bank since May 2013, and is also a member of the Monetary Policy Committee. He will leave the role in January 2022.

Mr Bascand says it has been a privilege to have worked with the Reserve Bank.

“The Bank is a special place that makes a massive contribution to New Zealanders’ wellbeing. I have had extraordinary opportunities to participate in a huge range of important initiatives, and work with many wonderful colleagues, but I want to make more time for other interests in my life.”

The Governor, the Reserve Bank Board and the Minister of Finance will determine in due course the preferred option for a replacement Deputy Governor, in line with the provisions of the RBNZ Act 1989 and RBNZ Act 2021.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Shocking Stuff: Lower Income Areas Paying More For Power

Analysis from Consumer NZ and Powerswitch has found major differences in electricity pricing depending on where you live, with those in lower income areas being hit the hardest... More>>



Science Media Centre: Understanding DDoS cyber attacks – Expert Reaction

Cyber attacks have hit several New Zealand organisations this month, disrupting their online services. The Distributed Denial of Service (DDoS) attacks were the same kind of cyber attack that affected the NZX around this time last year... More>>


Financial Markets Authority: Spike in investment scam complaints since COVID

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – is warning New Zealanders to be on the lookout for three unique types of scams that have been on the rise since the start of COVID-19. The warning comes as the FMA responds to a rise in complaints about investment scams and fraud lodged with the regulator in the first half of this year... More>>




Statistics: GDP rises in the June 2021 quarter

Gross domestic product (GDP) rose by 2.8 percent in the June 2021 quarter, following a 1.4 percent increase in the March 2021 quarter, Stats NZ said today. June 2021 quarter GDP was 4.3 percent higher when compared with the December 2019 quarter... More>>


Energy-from-waste: $350 Million Plant To Deliver Renewable Energy Considered

Investigations have begun into the viability of building an Energy-from-Waste plant that will safely convert 350,000 tonnes of waste, that would otherwise be dumped into South Island landfills annually, into renewable electricity... More>>

Olam: Confirms plans for commissioning of NZ dairy plant

OFI, a global leader in natural and sustainable food ingredient solutions, today confirmed plans to develop a new dairy processing facility at Tokoroa. It is now taking expressions of interest from potential farmer suppliers, employees, contractors, and general trade suppliers... More>>