Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
UPDATE: RBNZ's Orr sees a 'resilient' financial system but some elevated risks
(Updates story throughout with further details and comment) By Jenny Ruth May 29 (BusinessDesk) - Reserve Bank governor Adrian Orr is less concerned about housing loans but is still fretting about a third of dairy debt and is also flagging the rapid growth in lending to the...
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Finance
RBNZ says ANZ has to hold more capital against housing and farm lending
By Jenny Ruth May 29 (BusinessDesk) - The Reserve Bank has imposed new conditions of registration on ANZ Bank requiring it to hold more capital against housing and farm lending from June 30. In its latest Financial Stability Report, the central bank says it has set minimum...
Finance
RBNZ appoints three independent experts to review bank capital proposals
By Jenny Ruth May 29 (BusinessDesk) - The Reserve Bank has appointed three external experts to independently review the analysis and advice underpinning its bank capital proposals. The three experts are James Cummings, a senior lecturer in finance at Macquarie University,...
Finance
ComCom investigates BNZ over CCCFA disclosure breaches
By Jenny Ruth May 27 (BusinessDesk) - The Commerce Commission has told Bank of New Zealand it has commenced an investigation into BNZ’s compliance with particular disclosure requirements under the Credit Contracts and Consumer Finance Act 2003. BNZ discloses the investigati...
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