RBNZ uses spurious argument for involvement in climate change

Deputy governor Christian Hawkesby said banks needed to look long term. (Image: NZME)

Thu, 03 Nov 2022

Deputy Reserve Bank of New Zealand governor Christian Hawkesby cited the fact that banks lend on 30-year mortgages as a reason why banks and their regulators need to focus on and plan for the impact of climate change.Hawkesby was answering a question about the Reserve Bank of NZ's (RBNZ) latest bank stress testing, which this year included its first climate-related test – banks were asked to test the likely impact of flooding from rising sea levels and from river and surface flooding.The central bank asked the banks to measure the exp...

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Law & Regulation

Pushpay insider trader loses conviction appeal

A prominent businessman found guilty in 2023 of insider trading over the sale of Pushpay Holdings shares is closer to being named, with the Court of Appeal increasing his fine and dismissing his bid for continued name suppression.The case brought by the Financial Markets Authorit...

Staff reporters 08 May 2025

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