RBNZ's poor policy process puts its credibility at risk: former official

RBNZ's poor policy process puts its credibility at risk: former official
Jenny Ruth
By Jenny Ruth May 15 (BusinessDesk) - The Reserve Bank’s third discussion paper on its bank capital proposals points to a lack of robust policy process, is an embarrassment to New Zealand and undermines the central bank’s credibility, according to a former Reserve Bank official. The central bank “has had to resort to some bizarre arguments to make the unworkable work in an increasingly desperate attempt to shore up some unwise decision-making,” says Ian Harrison in his critique of that third paper which was issued in April. The bank ca...

More Finance

The invisible chair: Wayne Boyd
Finance

The invisible chair: Wayne Boyd

One of NZ's best, lowest-profile directors reflects on a career in governance.

Pattrick Smellie 03 Dec 2024
BlackRock insists: 'We’re committed to NZ'
Finance

BlackRock insists: 'We’re committed to NZ'

But BlackRock cannot say whether its proposed $2b NZ climate fund will be established.

Pattrick Smellie 29 Nov 2024
Banks launch confirmation of payee
Finance

Banks launch confirmation of payee

Mismatched account payee details will be red-flagged to help reduce scams.

Maria Slade 29 Nov 2024
Major corporates disavowing Du Val information memorandum
Finance

Major corporates disavowing Du Val information memorandum

Corporates disavow Du Val IM amid regulatory scrutiny.

Garth Bray 27 Nov 2024