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…
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…
ANZ capital requirements s95 report completed
The Reserve Bank is working with ANZ Bank New Zealand Limited (ANZ NZ) to gain assurance the areas of historical non-compliance with the Reserve Bank’s capital adequacy requirements are being addressed. In June 2019 the…