Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Law & Regulation
RBNZ will have to be more sceptical in regulatory oversight - Orr
By Paul McBeth July 4 (BusinessDesk) - Reserve Bank governor Adrian Orr says the prudential supervisor will have to be more sceptical in its oversight of the insurance and banking sectors given the lack of self-discipline shown in the CBL Insurance case. The central bank y...
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Policy
Robertson calls for maturity in bank capital debate
By Pattrick Smellie July 3 (BusinessDesk) - Finance Minister Grant Robertson has waded into the Reserve Bank's contentious bank capital proposals to remind "all parties" that they are still being consulted on in a process that requires "mature debate". "I am calling on all...
Law & Regulation
CBL failure a 'dramatic' example of need for stronger supervision
By Paul McBeth July 3 (BusinessDesk) - The failure of CBL Insurance was a "dramatic" example of the inadequacies of prudential regulation and supervision for insurers and backs the case for greater resourcing, according to a report on how the Reserve Bank handled the case. ...
Law & Regulation
PM dishes a light bank-bashing in response to ANZ claims
By Pattrick Smellie July 1 (BusinessDesk) - Prime Minister Jacinda Ardern took an opportunity to show how low the ANZ Bank's stocks have fallen with the government, turning a question about the bank's fears about the impact on the economy of Reserve Bank capital-holding rules...
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