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Showing 11 - 20 of 89 results for "Reserve Bank of New Zealand"

Westpac considering NZ demerger

ANNABELLE DICKSON  |  THURSDAY, 25 MAR 2021
... businesses going forward," the bank said in a statement. The move follows yesterday's announcement that the Reserve Bank of New Zealand (RBNZ) instructed Westpac New Zealand (WNZL) to hold additional liquid assets and commission independent reports into ...

RBNZ puts Westpac on notice

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
The Reserve Bank of New Zealand (RBNZ) has instructed Westpac New Zealand (WNZL) to hold additional liquid assets and commission independent reports into its risk governance and liquidity risk management. The RBNZ has instructed that the first independent ...

Chief economist update: Ardern's ardour

BENJAMIN ONG  |  TUESDAY, 11 AUG 2020
... quarter on quarter drop (-0.2%) in the economy's national output in the national quarter. The Reserve Bank of New Zealand meets for policy deliberations tomorrow. Will they, won't they? "Six of nine economists surveyed by Bloomberg expect the ...

AMP Life sale nears completion, new execs appointed

KANIKA SOOD  |  TUESDAY, 23 JUN 2020
... agreement announcement. New Zealand central bank approval This morning's announcement comes as the Reserve Bank of New Zealand agrees to a revised arrangement after 18 months of deliberation, including seeking advice from APRA. RBNZ wanted Resolution ...

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
... ECB and SNB to boost liquidity via US dollar liquidity swap lines. Opening trade on March 16 saw the Reserve Bank of New Zealand deliver its own "emergency" rate cut - a 75 bps reduction in the official cash rate from 1.0% to 0.25%. Fiscal authorities ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
In his outing before the Australian House of Representatives Standing Committee on Economics on August 9, Reserve Bank of Australia (RBA) governor Philip Lowe practically gave his nod of approval in Financial Standard 's clear as the crystal ball's ...

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... fallen to their lowest level in three years to 1.59% from a high of 1.94% in April this year. The Reserve Bank of New Zealand (RBNZ), the Bank of Thailand (BOT) and the Reserve Bank of India's (RBI) surprise moves towards increased monetary policy ...

Chief economist update: Race to the bottom redux

BENJAMIN ONG  |  THURSDAY, 8 AUG 2019
... Three central bank meetings, all three cut interest rates, all three policy decisions a surprise. The Reserve Bank of New Zealand (RBNZ) cut the official cash rate by 50 bps to a new record low of 1% at its August meeting. This is bigger than market ...

APRA forced to overhaul culture, capabilities

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... to lead the panel, which comprises AGL Energy non-executive director Diane Smith-Gander and former Reserve Bank of New Zealand acting governor Grant Spencer. APRA appears to operate in a culture that is "unwilling to challenge itself, slow to respond ...

AMP Life sale blocked

JAMIE WILLIAMSON  |  MONDAY, 15 JUL 2019
... the current terms do to challenges in meeting the condition precedent to obtain approval from the Reserve Bank of New Zealand (RBNZ). On July 13, Resolution Life informed AMP that the RBNZ would not consider Resolution Life's change of control application ...