The legislation will introduce a deposit protection scheme, new supervisory powers for the RBNZ, and a new accountability framework for deposit takers' directors.
September 29, 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 government pledged to support Kiwibank, New Zealand's fifth-largest retail bank, to become a "genuine competitor in the banking industry".
August 29, 2022The RBNZ suggests housing market objectives be excluded from the remit, just a year after it was amended to include house price considerations.
June 6, 2022New Zealand plans to issue sovereign green bonds next year to help raise finance for the country’s low carbon transition.
November 16, 2021The bill will strengthen the RBNZ’s decision-making, governance, independence and accountability, and change its funding model.
August 12, 2021DTI limits will reduce the likelihood of mortgage defaults, the RBNZ said, expressing concerns that rising housing prices may present financial stability risks.
June 18, 2021The government has announced changes to the KiwiSaver default providers, among other changes to enhance the financial wellbeing of locals in retirement.
May 17, 2021The NZBA's Roger Beaumont says banks should pay lower levies compared to non-bank deposit takers because they are less likely to call on the scheme.
April 23, 2021The RBNZ will likely use prudential tools such as the LTV limits, bank stress testing, and capital requirements to deter certain types of mortgage lending.
March 3, 2021