RBNZ looks to tweak tool settings 24 January 2024 4:57AM The RBNZ’s slow shift to debt to income ratios as a tool for regulating retail bank mortgage lending has stepped up a gear, with the launch of consultation on its proposed settings. read more
LCR may be mandated, RBA warns 13 December 2023 5:16AM Reserve Bank governor Michele Bullock has warned that the central bank may use its payments system regulatory powers to speed-up the rollout of least cost routing to merchants, saying progress has bee.. read more
New NZ govt accelerates return of interest deductibility, promises inquiry into banks 27 November 2023 6:02AM The coalition agreement finally signed by the National Party with its two partners following the October election defeat of the Labour government includes a faster return to interest deductibility for.. read more
Inquiry into competitiveness of NZ retail banking market 21 June 2023 2:33AM The New Zealand government has announced an inquiry into the retail banking market, with a focus on barriers to entry for competitors, the ability to switch banks easily and openness to new technology.. read more
Coffee but not cash not good enough, warns RBNZ 23 February 2023 4:42AM The Reserve Bank will be expecting New Zealand’s banks to improve their emergency planning and resilience in the wake of the storms that have battered the country and left some flood ravaged East Coas.. read more
Reappointment of RBNZ governor ignites political stoush 09 November 2022 5:53AM In a departure from accepted norms about the independence of the central bank and banking regulator, the leaders of New Zealand’s opposition National Party yesterday attacked the reappointment of RBNZ.. read more
NZ subsidiaries stretching their social license, Kiwi anger builds 08 November 2022 6:01AM After Westpac and ANZ’s large local profits, anger at the subsidiaries of the Big Four banks in New Zealand is building, calls for a ‘windfall tax’ are getting louder and the prime minister has pointe.. read more
Kiwis crack down on BNPL 03 November 2022 6:15AM Borrowers from Buy Now Pay Later companies operating in New Zealand will have increased protections if new regulations proposed by the government go ahead. But while lenders are relieved that there ar.. read more
Workers will take the hit as central banks battle inflation 28 October 2022 6:05AM A return to low inflation remains the primary target of the hawkish Reserve Bank of New Zealand, even as it acknowledges its approach will result in increased unemployment. read more
Flip flop on fund management fee GST 01 September 2022 6:09AM The New Zealand government’s attempt to quietly align its approach to charging GST on fund management fees with that in place in Australia, and to “level the playing field” for smaller and larger prov.. read more