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 government pledged to support Kiwibank, New Zealand's fifth-largest retail bank, to become a "genuine competitor in the banking industry".
August 29, 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, 2022The RBNZ has launched a new register to improve transparency about material breaches of key prudential requirements by banks.
March 24, 2022Between September 2005 and March 2020, some 35,000 home loan customers were overcharged a total of NZD 1.1 million.
December 10, 2021ANZ said it had recovered on Thursday but online services were intermittent on Friday. Kiwibank was still working to get its systems back up through Sunday.
September 13, 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 FMA has granted an exemption allowing Nikko to enter the robo-advice market; new digital platform to be launched later this year.
August 29, 2018Banks required to find out whether customers are foreign tax residents and report to Inland Revenue; unresponsive customers are having their accounts put on hold.
July 4, 2018