Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Policy
RBNZ's poor policy process puts its credibility at risk: former official
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 officia...
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Policy
Reserve Bank warns consultation on bank capital ends this week
By Jenny Ruth May 13 (BusinessDesk) - The Reserve Bank says it has received 90 formal submissions on its proposal to near double the minimum amount of tier 1 capital banks have to hold and is warning that submissions close this Friday. Meanwhile, ASB Bank’s Australian paren...
Law & Regulation
Regulators prod NZ insurers on 'dire' conduct report
By Paul McBeth May 10 (BusinessDesk) - New Zealand insurers have been steered to lessons from Australia's royal commission on banking when responding to the "dire" findings of a local conduct and culture investigation earlier this year. Last week, officials from the Financi...
Policy
Have your say on what can be done to revive NZ's capital markets
By Jenny Ruth May 9 (BusinessDesk) - Is it all the fault of journalists focusing only on poorly performing listed companies, or is it just that New Zealanders highly value their privacy and anonymity? Or is it just that NZX’s listing rules and its continuous disclosure requ...
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