By Paul McBeth July 1 (BusinessDesk) - The Reserve Bank will loosen its curbs on mortgage lending provided it sees stable household debt-to-income levels, prudent lending standards from banks, and moderating house price inflation. Deputy governor Geoff Bascand says the ban...
By Pattrick Smellie June 27 (BusinessDesk) - The departing secretary to the Treasury, Gabriel 'Gabs' Makhlouf has issued an apology for his department's lax website security and agreed that he got it wrong in describing the resulting breach of Budget security as a case of bein...
By Rebecca Howard June 27 (BusinessDesk) - Stock exchange operator NZX has made positive changes to its market surveillance since concerns were raised a year ago, the Financial Markets Authority's latest annual review found. "This year’s review acknowledges the positive ch...
By Rebecca Howard June 26 (BusinessDesk) - Banks and insurance companies regulated by the Reserve Bank can expect the central bank to be more "intrusive" as institutional self-discipline has been lacking, says the central bank's deputy governor Geoff Bascand. "Regulated e...
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