KPMG identifies sequencing issue in proposed bank deposit guarantee scheme
By Pattrick Smellie July 11 (BusinessDesk) - Financially distressed banks may need to go through the controversial Open Banking Resolution process and fail before the government's proposed deposit guarantee would come into play, KPMG says. "Under the Open Banking Resolution...
NZ Initiative comes out swinging against labour reforms
By Pattrick Smellie July 9 (BusinessDesk) - Industries with large workforces will be most at risk of being hijacked by small numbers of workers seeking nationally binding, collectively bargained employment arrangements whether or not the majority wants them, the business-backe...
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...
Agri-tech sector to pioneer govt industry transformation strategy
By Pattrick Smellie July 2 (BusinessDesk) - Agricultural technology should be one of New Zealand's leading sources of high-value jobs, exports and improved farming practice, but has failed to grow much in the last decade, prompting the government to make it the focus of the fi...
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