ANALYSIS AND CORRECTION: A tale of ORCs and an under-resourced Reserve Bank

Jenny Ruth
Sun, 09 Jun 2019

By Jenny Ruth June 10 (BusinessDesk) - Reserve Bank governor Adrian Orr says the prudential part of his organisation, the part that oversees the banking system, is under-resourced. “We need more resource. We’ve said that very often. That was, in part, one of the outcomes of the IMF’s (International Monetary Fund) financial sector assessment program,” Orr said when delivering the central bank’s latest Financial Stability Report (FSR) last month. Previous governors have also unsuccessfully requested more resources, Orr said. “We’re ge...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets Wake Up Call
Wake Up Call: Land of irrigation and fertiliser
Staff reporters | Thu, 15 Apr 2021

Farm size, fertiliser use and irrigation will be under the spotlight in a new report released by Ministry for the Environment and Stats NZ.

Covid claims boutique vineyard Lamont Wines
Paul McBeth | Thu, 15 Apr 2021

After exhausting all other avenues, Lamont Wines investor Southern Ventures called in receivers to put the boutique winemaker on the block. 

How can we encourage property investors to pivot into tech?
Peter Griffin | Thu, 15 Apr 2021

Existing property investors may look to put an increasing portion of their wealth into other asset classes and that’s an opportunity for cash-hungry tech companies and the venture funds that can invest in tech on their behalf. 

Partner Content
Highlights from the New Zealand company earnings season

The February earnings season has provided a snapshot of the impact covid-19 has had on different sectors over the last six months and expectations for the year ahead.

Now’s the time to ask hard questions on our future land use

How can we work together to strengthen our economy and support Kiwis to prosper while protecting our natural environment and our climate.