[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua and the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko have released their finalised framework for assessing the systemic importance of Financial Market Infrastructures (FMIs) following consultation with industry and stakeholders.

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua says an urban myth picking up speed in Christchurch has genuine banknotes being refused and damaged, and honest Cantabs accused of passing counterfeits.

[unable to retrieve full-text content]Ms Sarah Owen, Ms Kate Kolich and Mr Greg Smith will join the Reserve Bank of New Zealand as Assistant Governors, Governor Adrian Orr announced today.

[unable to retrieve full-text content]The Reserve Bank’s Head of Supervision, Andy Wood, and Head of Financial Policy and Systems Analysis, Toby Fiennes will leave over the coming months.

[unable to retrieve full-text content]The annual re-weighting of the Trade-Weighted Index (TWI) takes effect on Friday 10 December 2021.

[unable to retrieve full-text content]The latest stress tests carried out by the Reserve Bank of New Zealand – Te Pūtea Matua show strengthening resilience in the banking sector and the benefits of continuing to build capital buffers.

[unable to retrieve full-text content]Central bankers must continue to look forward to guard against the unpredictable, Deputy Governor Geoff Bascand says in a speech published today.

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua is inviting feedback on the draft legislation for the proposed Deposit Takers Act.

[unable to retrieve full-text content]To better understand and help mitigate financial risks of climate change, the Reserve Bank of New Zealand – Te Pūtea Matua has made submissions to two climate-related consultations.

[unable to retrieve full-text content]John McDermott has been appointed as the Assistant Governor/General Manager – Digital Solutions and Security of the Reserve Bank of New Zealand – Te Pūtea Matua.

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua is seeking feedback on issues facing the cash system and options to keep Aotearoa’s cash system ‘fit for purpose’.

[unable to retrieve full-text content]An independent report into Westpac New Zealand’s risk governance has highlighted material shortcomings in the Board’s oversight.

[unable to retrieve full-text content]The Monetary Policy Committee agreed to raise the Official Cash Rate (OCR) to 0.75 per cent. The Committee agreed it remains appropriate to continue reducing monetary stimulus so as to maintain price stability and support maximum sustainable employment.

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua – is seeking feedback on the merits and design features of debt serviceability restrictions (DSRs) on residential mortgage lending.

[unable to retrieve full-text content]The Reserve Bank’s Head of Economics and Chief Economist, Yuong Ha, who is also an inaugural member of the Monetary Policy Committee will leave next year after 25 years with RBNZ.

[unable to retrieve full-text content]The resilience of our financial system to the challenges presented by COVID-19 is reassuring given the uncharted waters ahead, Governor Adrian Orr says in releasing the November Financial Stability Report.

[unable to retrieve full-text content]The unsustainable level of house prices poses monetary and financial stability challenges, Reserve Bank of New Zealand – Te Pūtea Matua – Governor Adrian Orr says in a speech published today to the Property Council of New Zealand Retail Conference.

[unable to retrieve full-text content]The first General Insurance Industry Stress Test (GIIST) from the Reserve Bank of New Zealand – Te Pūtea Matua has highlighted the industry’s reliance on offshore reinsurance providers.

[unable to retrieve full-text content]In a report released today, Climate Changed 2021 and Beyond, the Reserve Bank of New Zealand – Te Pūtea Matua outlined its actions to mitigate and manage the significant economic risks associated with climate change.

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua is reviewing its policy for branches of overseas banks to keep pace with the evolving global regulatory environment.

[unable to retrieve full-text content]Māori leaders from the banking sector have established the first Māori Bankers Rōpū (group), known as Tāwhia, to share ideas and deepen the understanding of key issues for Māori within the banking sector.

[unable to retrieve full-text content]Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions, Deputy Governor Geoff Bascand says in a speech published today.

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua is seeking views on its enforcement framework to promote confidence in compliance across the sectors we regulate.

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua is adjusting the structure of its Senior Leadership Team.

[unable to retrieve full-text content]Christian Hawkesby has been appointed as Deputy Governor of the Reserve Bank of New Zealand – Te Pūtea Matua – taking up the role in January 2022.

[unable to retrieve full-text content]The Monetary Policy Committee agreed to increase the Official Cash Rate (OCR) to 0.50 per cent. Consistent with their assessment at the time of the August Statement, it is appropriate to continue reducing the level of monetary stimulus so as to maintain low inflation and support maximum sustainable employment.

[unable to retrieve full-text content]Over the past year Te Pūtea Matua – the Reserve Bank of New Zealand has delivered on its role as kaitiaki (guardian) of Aotearoa New Zealand’s financial system. Central to this has been meeting our ongoing mandates and growing our capabilities to respond to new challenges and unexpected events.

[unable to retrieve full-text content]“Commercial banks, the wider cash industry and Te Pūtea Matua (the Reserve Bank) need to seize opportunities and innovate to ensure that the cash, money and ways to pay continue to serve New Zealanders’ needs,” says Assistant Governor Christian Hawkesby following the release of two issues papers today for public consultation.

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua will proceed with its proposal to tighten Loan-to-Value Ratio (LVR) restrictions on lending to owner-occupiers to reduce risky mortgage lending.

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua makes decisions about official interest rates in a way that is robust in the face of uncertainty about the economy, Reserve Bank Assistant Governor Christian Hawkesby says in a speech published today*.