The stress tests show that river and surface water flooding may be a greater climate-related hazard for residential mortgages than coastal flooding.
November 1, 2022The first four hubs were opened in November 2020. The second phase of the regional banking hubs trial will see four more hubs open.
August 8, 2022A highlight of the revised ISO 6166 ISIN standard is the formal inclusion of LEI, CFI and FISN as part of the minimum data record.
February 24, 2022The class action reportedly involves interest and fees ANZ and ASB were not entitled to charge due to breaches of their disclosure obligations.
October 5, 2021The enhancements will provide more effective tools for data management, including streamlined data processing and improved communication between contributors.
September 28, 2021Business loans under a new NZ$6.25bn scheme will be supported by a government guarantee on 80% of the loan amount.
April 2, 2020New Zealand's big four banks will have to increase capital to 18% of RWAs, and smaller banks to 16% of RWAs. Seven years will be given to implement the changes.
December 6, 2019