All posts tagged "RBNZ"
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472Australia & NZNZ FMA Files Suit Against Kiwibank for Overcharging Customers
Between September 2005 and March 2020, some 35,000 home loan customers were overcharged a total of NZD 1.1 million.
December 10, 2021 -
296Australia & NZRBNZ Consults on Draft Deposit Takers Act Legislation
The Depositor Compensation Scheme will protect up to NZD 100,000 per depositor, per licensed deposit taker, and is expected to be operational in late 2023.
December 9, 2021 -
324Australia & NZ
RBNZ Says Stress Tests Show Banks Need More Capital
The findings reinforce the need for banks to continue to build capital and replace Tier 2 instruments that will cease to be compliant under the new rules on bank capital.
December 8, 2021 -
311Australia & NZ
RBNZ Responds to XRB and MfE Climate Consultations
The RBNZ offers suggestions on the new disclosure standards being developed by the XRB, and proposes policy options to increase the flow of private capital into low-emissions investment.
December 7, 2021 -
331Australia & NZ
RBNZ Proposes Policy Options to Preserve Cash System
The increasing appeal of non-cash and online payment options and the reducing number of bank branches and ATMs could present resilience issues for the cash system.
December 2, 2021 -
445Australia & NZ
RBNZ to Amend Connected Exposures Policy for Banks
The RBNZ proposes to remove the aggregate gross exposure limit and to allow banks to recognise credit risk mitigations when measuring aggregate net exposures.
December 1, 2021 -
710Australia & NZRBNZ Calls for Risk Governance Improvements at Westpac NZ
An independent report found issues were acknowledged by the board for several years but they were not given due attention or effective remediation.
November 26, 2021 -
381Australia & NZ
RBNZ Consults on Potential Mortgage Lending Restrictions
Banks need to prepare their systems for the future introduction of DSRs, and should be operationally ready to implement a regulated DTI limit by end-2022.
November 24, 2021 -
331Australia & NZNew Zealand to Issue First Sovereign Green Bonds in 2022
New Zealand plans to issue sovereign green bonds next year to help raise finance for the country’s low carbon transition.
November 16, 2021 -
249Australia & NZ
RBNZ Outlines Action Plan for Addressing Climate Risks
The RBNZ will develop a guidance note to support regulated entities in managing climate risks, focusing on physical, transition and liability risks.
October 27, 2021
