RBNZ imposes tougher director attestation process on ANZ NZ

RBNZ imposes tougher director attestation process on ANZ NZ
Rebecca Howard
ANZ Bank New Zealand's attestation processes still aren't up to scratch and the Reserve Bank of New Zealand said an external party must confirm that a series of improvements have been put in place by June 2021.The central bank requested a report on ANZ’s director attestation and assurance framework, under section 95 of the Reserve Bank of New Zealand Act 1989 in June. ANZ hired Deloitte to prepare the report. The Deloitte report said ANZ needed to reform that framework to significantly improve the robustness and sustainability of its gover...

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Updated: RBNZ turns more dovish
Economy

Updated: RBNZ turns more dovish

The latest forecast imply two more rate cuts to come. 

RBNZ cuts to 3%, sees cash rate reaching 2.5%
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RBNZ cuts to 3%, sees cash rate reaching 2.5%

RBNZ cuts by 25bps but thought about 50bps. 

Government keeps AA+ credit rating, Fitch warns to keep ‘culture of fiscal responsibility
Economy

Government keeps AA+ credit rating, Fitch warns to keep ‘culture of fiscal responsibility

The Government has kept its AA+ credit rating from Fitch, one of the big three ratings agencies – but the agency warned that a slackening culture of fiscal responsibility, a more severe housing market correction, or an unemployment spike could see the rating reduced in future.The...

Staff reporters 18 Aug 2025