All posts tagged "RBNZ"
-
239Australia & NZRBNZ Reviews Policy for Branches of Overseas Banks
The RBNZ says there are inherent limitations on its ability to apply its regulatory standards to all branches and to supervise them effectively.
October 21, 2021 -
256Australia & NZ
RBNZ Consults on Approach to Enforcement Decision-making
A new consultation paper seeks feedback on the principles and criteria which will guide the RBNZ's enforcement decision-making process moving forward.
October 14, 2021 -
210Australia & NZ
New Zealand Becomes Third in APAC to Raise Rates
The RBNZ increased its official cash rate for the first time in seven years to contain inflationary pressures and cool the housing market.
October 8, 2021 -
336AML / KYCNew Zealand Consults on Broad Changes to AML/CFT Act
Changes being considered include the introduction of a new registration regime for all AML/CFT businesses, a licensing regime for VASPs, and direct penalties for senior managers.
October 8, 2021 -
284Australia & NZ
RBNZ Issues Consultation on Potential CBDC Issuance
A CBDC would help ensure central bank money remains relevant in a digital future, while also providing an additional monetary policy tool, the RBNZ said.
October 5, 2021 -
245AML / KYCNZ FMA Toughens Approach to AML Non-Compliance
The FMA's James Greig noted a lower tolerance for AML/CFT non-compliance, given the regime has been in place for eight years.
October 1, 2021 -
392Australia & NZ
RBNZ Tightens Mortgage Lending Restrictions to Contain Risk
The LVR restrictions are aimed at mitigating economic and financial stability risks associated with a potential future housing market correction.
September 23, 2021 -
269Australia & NZ
NZ Privacy Commissioner Issued Compliance Notice to RBNZ
The compliance notice was triggered by the cyber-attack suffered by the RBNZ in December 2020, and confirms the work underway to make its systems more secure.
September 17, 2021 -
376Australia & NZ
RBNZ Directs Banks to Correct Liquidity Management Weaknesses
Banks have been sent a detailed list of the RBNZ's findings and instructions to develop remediation plans and conduct assessments against the findings.
September 9, 2021 -
322AML / KYCNew Zealand Court Penalises TBS Bank for AML Breaches
The court action against TSB Bank was the first civil proceedings brought by the RBNZ under the AML/CFT Act.
September 1, 2021
