Independent review of ING NZ

As part of its settlement with the Commerce Commission over the frozen ING funds, ING NZ has been asked to engage an external party to complete an audit and review of some of its procedures and proc.. read more

BNZ gets some waiver on liquidity policy

The Reserve Bank of New Zealand has relaxed its liquidity policy for Bank of New Zealand, giving the bank an extension until October 31 to fully comply with the norms on mismatch ratios and the core.. read more

Price leadership lacking on variable rates

It's been a week since the Reserve Bank of New Zealand made its first hike in the cash rate in nearly three years, up 25 basis points to 2.75 per cent, but not a single bank has announced a hike in.. read more

NZ's high external debt a risk to rating

New Zealand's high external indebtedness can pose a risk to its rating, as the recent example of Spain has shown, Reserve Bank Governor Alan Bollard warned in a speech yesterday. read more

Inflation on RBNZ's radar as cash rate hiked

The Reserve Bank of New Zealand stuck to its pledge of removing monetary stimulus around the middle of 2010 and made the first hike in its cash rate since the global financial crisis to ensure "robu.. read more

Westpac details transfers for new model

Westpac has to transfer a substantial portion of the operations it conducted via its branch entity in New Zealand to Westpac NZ to conform to the new operating model it has agreed with the Reserve B.. read more