Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
Reserve Bank embraces kaitiaki role in outlining its…
Reserve Bank of New Zealand – Te Pūtea Matua’s Statement of Intent (SOI) for 2020-2023, released today, highlights the Bank’s focus and commitment as the kaitiaki (guardians) of New Zealand’s financial system. Reserve Bank Governor Adrian Orr…
RBNZ: Reserve Bank releases thematic review of Appointed…
The Reserve Bank has released a number of recommendations in a comprehensive review of the Appointed Actuary role. Appointed Actuaries have a critical legislated role in the insurance industry to measure and report on material…
RBNZ: Financial system will benefit supporting economic recovery
Tēnā koutou katoa, welcome all. The financial system is in a solid position to both weather the significant economic impact caused by the COVID-19 pandemic and support New Zealand’s recovery, Reserve Bank Governor Adrian Orr…
RBNZ: Industrial and Commercial Bank of China limited…
The Reserve Bank today announced that it has registered Industrial and Commercial Bank of China Limited (“ICBC”) to provide banking services in New Zealand. Industrial and Commercial Bank of China Limited is incorporated in the…
RBNZ: Financial Services – Level 2 guidance
Following the government announcement, for Financial Services, we will be moving to COVID-19 Lockdown level 2 at 23:59, 13 May. Until then, we remain at Level 3. Level 2 is about reducing the risk of transmission.…
RBNZ: Term Lending Facility details (TLF) outlined to…
The Reserve Bank will provide term funding to banks at a very low interest rate under the previously announced Term Lending Facility (TLF), to help them support the Government’s Business Finance Guarantee Scheme and promote lending…
RBNZ: Reserve Bank removes LVR restrictions for 12…
The Reserve Bank has today decided to remove mortgage loan-to-value ratio (LVR) restrictions for 12 months. The decision was made to ensure LVR restrictions didn’t have an undue impact on borrowers or lenders as part…
RBNZ: WorkSafe guidelines for Financial Services businesses and…
Under Level 3, financial services businesses and staff who can operate from home must continue to do so. Workplaces may be reopened if the work cannot be done from home and the workplace can operate…
