RBNZ board appointments: double standard at work?

RBNZ board appointments: double standard at work?
The appointment of NZ Post chair Rodger Finlay to the Reserve Bank board has been particularly controversial. (Image: NZME)
Cameron Bagrie
Does the incoming Reserve Bank board have the right skills to oversee what is a critical institution in New Zealand? There are some good additions to the board in the latest round of appointments, which took effect on July 1. But it looks light on some key essentials to provide "constructive tension” to support good governance. For a framework on how to think about it, let’s look at the Reserve Bank as a regulator, and what it expects of banks, which they oversee.The Reserve Bank of NZ/Te Pūtea Matua (RBNZ) instructed...

More Finance

FNZ extends controversial catch-up offer
Finance

FNZ extends controversial catch-up offer

Fintech FNZ has extended its deadline for “catch-up” equity offers, as employee shareholders say discontent grows.In March, the global fintech offered its class B shareholders a “catch-up” offer after it revealed their holdings could be massively diluted following its August capi...

Victoria Young 16 Apr 2025
The cost of over-regulated banking: $10b to $14.4b a year
Finance

The cost of over-regulated banking: $10b to $14.4b a year

Critics claim a huge annual cost from 30 years of regulatory creep.

Pattrick Smellie 16 Apr 2025
Blackbull backs Eden Bradfield into Elevation funds
Finance

Blackbull backs Eden Bradfield into Elevation funds

The Christopher Swasbrook-established fund gets new investors and portfolio manager.

Govt eagle-eyed on ComCom interchange fees decision
Finance

Govt eagle-eyed on ComCom interchange fees decision

Open banking depends on sustainable interchange fees, Minister Scott Simpson says.

Pattrick Smellie 11 Apr 2025