The Reserve Bank of New Zealand Bulletin

Quarterly that explores issues related to both central banking and the New Zealand economy. On the record speeches of the Governor and Deputy Governors also featured regularly.

Articles from Vol. 73, No. 4, December

Bank Disclosure Review Outcome: Better Information, Less Compliance Cost: 19 November 2010
The Reserve Bank has finalised the main policy decisions in its review of disclosure requirements for registered banks. The Bank issued a consultation paper on registered bank disclosure in August this year and has now followed this up with a policy...
Bringing Financial Stability Legislation to the Insurance Industry-The Insurance (Prudential Supervision) Act 2010
1 Introduction Insurance is an important (but not systemic) component of the financial services sector in New Zealand. The protection provided by insurance is a significant element in the financial security of individuals and companies in New Zealand,...
Editor's Note
In the December edition of the Reserve Bank Bulletin for 2010, we present a number of articles that span a range of the Reserve Bank's functions. The first article by Felicity Barker and Noemi Javier explains new regulations for non-bank deposit...
Financial System Better Placed to Support Economic Growth: 10 November 2010
New Zealand's financial system has benefited from recovery in the global economy, with banks now better positioned to meet future credit demand and support economic growth, Reserve Bank Governor Alan Bollard said today. On the release of the Bank's...
Global Currency Trends through the Financial Crisis
1 Introduction The recent global financial crisis commencing in 2007 has caused a significant shift in the nature of trading in FX markets. The types of FX-rate instruments traded, the volume of currency market transactions and the types of investors...
New Zealand's Imbalances in a Cross-Country Context
1 Introduction Over the past three decades, New Zealand has been running one of the largest and most persistent current account deficits relative to other advanced economies. The deficit has largely been funded using foreign borrowing. As a result,...
OCR Unchanged at 3.0 Percent: 9 December 2010
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 3.0 percent. Reserve Bank Governor Alan Bollard said: "Interest rates are now projected to rise to a more limited extent over the next two years than signalled in the September...
Publications
Regular publications Annual Report Financial Stability Report Monetary Policy Statement Reserve Bank of New Zealand Statement of Intent, 2010-2013 Recent Reserve Bank Discussion Papers 2010 DP2010/01 Evaluating household expenditures...
Regulating Non-Bank Deposit Takers
Introduction 1 The Role of the Reserve Bank On 1 December 2010, NBDTs became subject to new regulatory requirements relating to capital adequacy, related party exposures, liquidity and governance. These requirements represent a major step in...
Reserve Bank Releases 2009-10 Annual Report: 12 October 2010
The Reserve Bank's broad coverage of financial and economic functions has proved valuable in dealing with both financial and natural disasters, Reserve Bank Governor Alan Bollard said today when releasing the Bank's 2009-2010 Annual Report. Dr Bollard...
Retail Deposit Guarantee Scheme: 8 October 2010
The Reserve Bank says the current Retail Deposit Guarantee Scheme, which ends on 12 October 2010, has served its purpose. Depositors will now need to take full account of the risks, returns and credit ratings associated with their deposits, Governor...