Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Policy
RBNZ says don't believe what banks say about capital
By Jenny Ruth Sept. 4 (BusinessDesk) - Don’t believe what banks say about how much capital they should have to hold, Reserve Bank deputy governor Geoff Bascand told the New Zealand Shareholders’ Association. “Shareholders’ view of capital will always be lower in the banking...
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Economy
Finance minister resists calls for fiscal stimulus
By Victoria Young Sept. 3 (BusinessDesk) - Finance Minister Grant Robertson says he will spend if necessary but for now he is resisting calls to use fiscal policy to stimulate New Zealand’s economy. Economists have expressed concerns about the state of the economy as cooli...
Law & Regulation
Aussie judge opens door for joint hearing in Halifax liquidation
By Victoria Young Sept. 3 (BusinessDesk) - In an unusual case, an Australian court has decided the New Zealand High Court should cooperate with its Australian counterpart and hold a joint hearing to resolve matters in the A$19 million Halifax liquidation. The decision of...
Policy
RBNZ says it can't promise there won't be a repeat of the CBL fiasco
By Jenny Ruth Sept. 2 (BusinessDesk) - The Reserve Bank can’t promise there won’t be a repeat of the CBL fiasco in which an NZX-listed company was ordered to keep secret for months the fact that its regulator believed it was insolvent. RBNZ deputy governor Geoff Bascand tol...
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