Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Directors urged to improve understanding of climate change
Company directors are not as aware of climate change challenges as they should be and risk leaving their firms insufficient time to respond, says Karen Silk, deputy chair of the Sustainable Business Council. While some firms are taking strong positions, many others are reactin...
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Finance
OPINION: Memo to Oz-owned banks: resistance on IRB models is futile
The big four Australian-owned banks ought to have realised in February that it was futile to resist the Reserve Bank's intention to severely restrict the competitive advantage they gain from using their own internal models to calculate capital. Perhaps they thought the subject...
Finance
FMA cage-rattling sees Westpac pledge to cut KiwiSaver fees
The Financial Markets Authority is broadening its focus to consider whether KiwiSaver investors are getting value for money but it still believes the cost of managing that money should be cheaper. In its annual KiwiSaver report, the market watchdog reiterated concerns that ma...
Finance
OPINION: The elephant in RBNZ's bank capital room
The most surprising thing about the Reserve Bank's proposed new bank capital rules remains that nobody has attempted to explain why we shouldn't believe the results of the RBNZ's own stress-testing of the major banks. One would think that if RBNZ was planning to force the big...
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