RBNZ defends 'no deposit insurance' stance

A deposit guarantee scheme would not work in New Zealand's highly concentrated banking system and the central bank would continue to advise the government against deposit insurance, said Reserve Bank.. read more

RBNZ to tighten payment regulation

The Reserve Bank of New Zealand has announced plans to toughen its currently light-touch regulation of large and systemically important payment systems to ensure they are efficient and prepared for a.. read more

Westpac NZ profit flat in second half

Westpac New Zealand's cash profit was flat in the second half of the financial year as higher bad debt charges offset extra net income from faster lending growth than its peers. read more

RBNZ delays rental property mortgage change

After opposition from banks, the Reserve Bank of New Zealand has delayed imposing a macro-prudential tools designed to reduce the risks to the financial system from rental property mortgages. read more

ANZ's New Zealand profit honey pot is empty

ANZ New Zealand's fast profit growth of the past two years slowed in the last six months, as bad debt provisions normalised and cost savings from its 2012 merger with its National brand and branches w.. read more

Trans Tasman talks on bank guarantees

New Zealand is working with Australia through the Trans-Tasman Council on Banking Supervision to resolve the issue of banks operating under two different deposit guarantee regimes. read more