A 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, 2022Banks, insurers and non-bank deposit takers will be required to obtain a conduct licence from the FMA, on top of their prudential licences from the RBNZ.
July 1, 2022The RBNZ has accumulated government bonds worth NZD 53 billion through a quantitative easing programme that began in 2020.
June 13, 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, 2022The RBNZ expects banks to continue to be prudent in determining the appropriate size of dividends paid to their shareholders.
June 3, 2022The RBNZ says Westpac NZ has improved its liquidity risk management and risk culture by improving resourcing and governance.
May 31, 2022The enforcement principles guide RBNZ's investigation and enforcement strategy. The enforcement criteria help determine the appropriate enforcement response to non-compliance.
May 20, 2022Respondents to the RBNZ's consultation have expressed concerns that cash and privacy would be at risk of disappearing if a CBDC is issued.
May 11, 2022The RBNZ will design a framework so that debt-to-income restrictions on mortgage lending are ready to be used by mid-2023, if needed.
April 29, 2022ANZ has "invested heavily" in its director attestation framework remediation uplifted its overall governance capabilities.
March 31, 2022