OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Reserve Bank increases its supervision of BNZ
The Reserve Bank has increased its supervisory monitoring of the Bank of New Zealand (BNZ) and applied precautionary adjustments to its capital requirements following the identification of weaknesses in BNZ’s capital calculation processes. BNZ identified…
Westpac successfully completes remediation process
Westpac New Zealand Limited (Westpac) has retained its accreditation as an internal models bank following completion of an extensive remediation process required by the Reserve Bank. In 2017 the Reserve Bank required Westpac to undertake…
Public consultation begins on draft Financial Market Infrastructures…
The Reserve Bank has today published an exposure draft of the Financial Market Infrastructures Bill (FMI Bill), and is asking for feedback from stakeholders over the next eight weeks. The FMI Bill covers vitally important…
Reserve Bank releases submissions on Capital Review
The Reserve Bank has today released submissions along with a Summary of Submissions (PDF 399 KB) on the latest consultation paper in its Capital Review, which proposes several measures to ensure a safer banking system for New…
Macroprudential policy: Past, Present and Future
The Reserve Bank has refreshed its strategy for using macroprudential policy six years after its implementation. At a conference hosted by Otago University, Deputy Governor Geoff Bascand said “financial stability is important for the wellbeing…
Reserve Bank announces next steps in Capital Review
The Reserve Bank has today announced the next steps in its Capital Review, following the closing of written submissions on Friday last week. The review proposes changes to regulatory capital requirements for locally incorporated banks.…
Reserve Bank censures ANZ
The Reserve Bank has revoked ANZ Bank New Zealand Limited’s (ANZ) accreditation to model its own operational risk capital requirement due to a persistent failure in its controls and attestation process. ANZ is now required…
Reminder: Have your say on bank capital levels
Just one week remains for people to make a submission on the Reserve Bank proposals to make the banking system safer by increasing minimum bank capital. The Reserve Bank is consulting on proposals to increase…