The climate stress test scenario is titled 'Too Little, Too Late' because of the lengthy delay in enacting meaningful global climate policies.
August 15, 2023The stress tests show that river and surface water flooding may be a greater climate-related hazard for residential mortgages than coastal flooding.
November 1, 2022New Zealand's Treasury has appointed BNZ and Deutsche Bank (Sydney) as joint structuring advisors to help establish the sovereign green bond programme.
September 19, 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 coding error caused NAB-owned Bank of New Zealand to report incorrect locations to the FIU for around 50,000 domestic physical cash transactions.
July 11, 2022The programme, to be launched in partnership with FINSIA, will be rolled out for all of NAB's Australia and New Zealand bankers and support staff.
June 12, 2020Business 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, 2019Bank of New Zealand is the third of the big four banks in New Zealand to be forced to hold more capital as a result of capital calculation errors.
November 23, 2019BNZ reported a 34 basis point overstatement of its capital adequacy ratio in its most recent quarterly earnings due to data collection error, marginal overstatement of capital adequacy due to mistakes in collateral value calculation.
May 28, 2018