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BNZ welcomes move to 7-day payments
From 27 May, BNZ customers will be able to send and receive local payments seven days a week, including public holidays.
Why greenwashing is a problem for investors: FMA
Managed fund sector's approach to disclosure is 'immature', executive says.
LVR restriction easing confirmed
The Reserve Bank of New Zealand – Te Pūtea Matua has confirmed its proposal to ease mortgage loan-to-value ratio (LVR) restrictions.
Understanding the new climate-related disclosures regime
The FMA is taking a broadly educative and constructive approach to the new regime, issuing high level guidance on compliance expectations, then moving to a proactive regulatory role as the regime becomes more established.
Official Cash Rate (OCR) set to remain restrictive
The Monetary Policy Committee today voted to raise the Official Cash Rate (OCR) from 5.25% to 5.50%.
Money Sweetspot nears $3 million in support, helping hundreds of New Zealanders kick unmanageable debt
Money Sweetspot takes a people-first approach to debt consolidation
Financial Stability Report May 2023
Financial system well positioned to support the economy.
FMA censures Aurora Financial Group Limited for misleading clients
HY23 Result: BNZ demonstrates its commitment to customers in a turbulent 2023
Financial strain on households and businesses
Interest rate risk management in the New Zealand banking system
FMA letter to NZ registered banks: Treating consumers fairly – creating the right incentives
Reporting entities reminded of AML CFT obligations following ANZ investigation
Reserve Bank proposes to ease LVR restrictions
Fitch Affirms Bank of New Zealand at 'A+'; Outlook Stable
RBNZ: Annualized Q1 Sectoral Factor Model Inflation softens to 5.7%
Demand for better housing one factor in creating unsustainable house prices — Discussion Paper
Increase in scams observed as tax time approaches
Official Cash Rate increased to 5.25 percent
Peer-to-peer and crowdfunding: sector snapshot
Here's why complaints are really 'moments of truth'
Reserve Bank releases Debt-to-Income framework
Inflation still public enemy number one – Kiwibank
Bank flooding risk assessment builds capability and highlights climate data gaps
Statement from Deputy Governor Christian Hawkesby regarding bank financial strength
FMA appoints three new Directors within regulatory leadership team
Financial advice regulatory regime - now in full effect
RBNZ defends rate hikes
FMA appoints Daniel Trinder to new executive leadership team
We need a proper Commerce Commission inquiry into bank profits
New Zealand Dollar Takes the Lead on Chinese Data Resurgence & RBNZ Expectations
Kiwibank donates $300,000 to help charities working on cyclone relief
Forex trading in New Zealand: an overview of regulations and requirements
A currency from one country is sold and another is bought during Forex Trading. In forex, part of th
Reserve Bank increases the Official Cash Rate
The Monetary Policy Committee today increased the Official Cash Rate (OCR) from 4.25% to 4.75%.
The FMA opens consultation on draft guidance for the intermediated distribution of financial products
Liquidity Policy Review seeks feedback on significant policy issues
The Reserve Bank of New Zealand - Te Pūtea Matua is seeking feedback on the second stage of its liquidity policy review.
KiwiSaver Statements survey 2022
Is the RBNZ done with outsized rate hikes?
FMA appoints executive director, transformation and operational delivery
Money creation in New Zealand — Bulletin article
Money plays an essential role in the economy. It allows people to store value over time, exchange with each other, and measure the relative value of things.
FMA publishes 2022 annual report
The Financial Markets Authority - Te Mana Tātai Hokohoko (FMA) has today published its annual report for the year to 30 June 2022.
New Foreign Reserves Framework agreed by RBNZ and Minister of Finance
The Reserve Bank of New Zealand – Te Pūtea Matua and the Minister of Finance have agreed to a new framework for managing foreign reserves.
Cigna to pay $3.5 million penalty for making false and misleading representations about customers’ insurance premiums and cover
The Wellington High Court has ordered Cigna Life Insurance New Zealand Limited to pay a final pecuniary penalty of $3,575,000 for making false and/or misleading representations relating to inflation benefits in certain life insurance policies provided by the company.
Regulator nears final stretch of comprehensive IPSA review
Industry stakeholders have exactly six weeks left before the Reserve Bank of New Zealand – Te Pūtea Matua closes its last topic-specific consultation as part of RBNZ’s Insurance (Prudential Supervision) Act 2010 (IPSA) review, after which an omnibus consultation will follow middle of this year.
Government banking should be done with Kiwibank
Not making the change is an acknowledgement that the bank can't provide those services, it says
‘Riots’ in the UK, ‘carnage’ in Australia… so why aren’t Kiwis seeing red?
In the last 14 months, New Zealand’s official cash rate (OCR) has jumped from an all-time low of 0.25% to a 14-year high of 4.25%.
Open banking is coming to New Zealand – here’s what we can learn from countries already doing it
Traditional banks in New Zealand have long served as gatekeepers of customers’ data. This is about to change with the arrival of what’s called “open banking”, set to arrive in New Zealand by 2024.
2022 in review: 'Crypto winter' rocks market
Bitcoin went bust again this year, with the Financial Markets Authority (FMA) warning Kiwis it’s a 'highly volatile' investment.
Monetary Policy Announcement and Financial Stability Report dates for 2023/24
The Reserve Bank of New Zealand - Te Pūtea Matua today announced the remaining 2024 dates for releasing its quarterly Monetary Policy Statement (MPS), Monetary Policy Review (MPR) decisions and the 6-monthly Financial Stability Report (FSR).
FMA files market manipulation case against Kok Ding Cheng for trading of Rua shares
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has filed High Court civil proceedings against Kok Ding Cheng, an experienced retail investor based in Auckland, for alleged market manipulation of NZX-listed shares of Rua Bioscience Limited (RUA).
Decision on mortgage bond standards
The Reserve Bank has decided not to introduce new mortgage bond standards through Residential Mortgage Obligations (RMO)
FMA Progressing CoFI Implementation With Publication Of Licensing Materials
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko is continuing to progress preparations for the Financial Markets (Conduct of Institutions) Amendment Act 2022 (CoFI), with the release of a suite of materials for banks, insurers and non-bank deposit takers (NBDTs).
Higher interest rates necessary
The Monetary Policy Committee today increased the Official Cash Rate (OCR) from 3.5 percent to 4.25 percent.
FMA finds continuing improvements to audit quality
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has found audit firms have improved their record keeping in relation to accounting estimates and how they are being sceptical of entities’ financial statements.
Global financial stress will test resilience
The rising global interest rates necessary to curb inflation will test New Zealand’s financial resilience, Governor Adrian Orr says in releasing the November 2022 Financial Stability Report.
Spotlight on: Wholesale investing
If you’ve spent much time on social media over the past year, you might have seen advertising for investment offers - often property developments - that say they’re open to “wholesale investors” only.
Testing our resilience
A speech delivered by Governor Adrian Orr at INFINZ Conference 2022.
FMA files proceedings against Vero for allegedly misleading customers about multi-policy discounts
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has filed High Court proceedings against Vero Insurance New Zealand Limited for failing to apply multi-policy discounts, which led to affected customers being overcharged approximately $8.7 million in premiums.
Continued monetary tightening
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3.5% from 3.0%.
RBNZ and FMA seeking feedback on draft FMI Standards
The Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) and the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko are inviting feedback on the exposure drafts of standards for financial market infrastructures (FMIs). The Financial Market Infrastructures Act 2021 (the FMI Act) establishes the RBNZ and the FMA as the joint regulator of designated FMIs.
Spotlight on: Stock lending
With the rise of retail share trading and easy to use online investment platforms, some features of share ownership previously only available to merchant banks and brokers are now being offered to everyday, smaller-scale investors.
It's the OCR that matters for inflation targeting
The Reserve Bank of New Zealand – Te Pūtea Matua – is well placed to manage the wind-down of additional monetary policy (AMP) tools, Assistant Governor Karen Silk says in a speech today to the KangaNews New Zealand Debt Capital Markets Summit 2022.
FMA reveals annual corporate plan
The Financial Markets Authority has released its annual corporate plan 2022/23 by signalling a period of change for both the financial services industry and the regulator itself.
First Privacy Act compliance notice successfully closed
The Privacy Commissioner has today announced the closure of its first compliance notice, issued to the Reserve Bank of New Zealand – Te Pūtea Matua in September 2021.
Derek Grantham speaking at the Mortgage Link & Insurance Link Conference
Making a difference in the new era of financial advice.
Feedback sought on policy for branches of overseas banks
The Reserve Bank of New Zealand – Te Pūtea Matua is inviting feedback on the second and final consultation on the review of its policy for branches of overseas banks.
Banks and insurers have work cut out with CoFI
It is the job of financial institutions to manage financial risks and provide suitable products and services to customers. Most are good at this and recognise that balancing broad stakeholder interests is important to remain sustainable and for our financial system to function properly.
RBNZ Deputy Governor Hawkesby open to cash rate above 4% to tame inflation
New Zealand's central bank is open to the possibility of raising its benchmark rate as high as 4.25% amid uncertainty over the amount of tightening needed to regain control of inflation.
The RBNZ's monetary policy tools
To achieve our monetary policy goals – maintaining low and stable consumer price inflation while contributing to maximum sustainable employment – we set and influence the level of NZ dollar interest rates in an effort to balance aggregate spending and investment activity (demand) with the supply of goods and services in the economy.
New Zealand central bank hikes rates, signals aggressive stance
Reserve Bank of New Zealand unveils seventh straight hike, lifting benchmark rate to 3 percent.
FMA review of ethical investing claims in managed funds
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko has completed a review of 14 KiwiSaver and other managed funds to establish how well they are applying the FMA’s integrated financial product (IFP) guidance.
Reserve Bank of New Zealand：Monetary Policy review in July
A report released today, How Central Bank Mistakes after 2019 led to Inflation, has been received by the Reserve Bank of New Zealand – Te Pūtea Matua and will be considered as part of our public Monetary Policy Remit review process underway.
Rob Everett Speaking at the Financial Services Council Breakfast
The Reserve Bank's balance sheet set to expand further in response to COVID-19
FMA Releases Report into Active and Passive Fund Management
Sector Lending (Registered Banks and Non-Bank Lending Institutions) - C5
Same Objectives, Different Challenges
New Zealand Financial Services