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. 74, No. 2, June

Bank Farm Capital: Does It Cost the Earth?
1 Introduction Minimum capital requirements are an important element of the Reserve Bank's supervisory framework for registered banks. Banks are required to hold capital against each category of exposure according to the relative riskiness of that...
Editor's Note
This issue of the Reserve Bank Bulletin contains four articles touching on various aspects of the Reserve Bank's financial stability and financial markets responsibilities. Rural lending represents a much larger proportion of bank lending in New...
Financial System More Resilient but Still Facing Volatility
11 May 2011 New Zealand's financial system is more resilient and positioned to support economic growth, but still faces a volatile and uncertain environment, Reserve Bank Governor Alan Bollard said today, when releasing the Bank's May 2011 Financial...
New Zealand's Emergency Liquidity Measures during the Global Financial Crisis
1 Introduction Money markets around the world came under gradually increasing stress from August 2007, with stress indicators peaking at unprecedented levels shortly after the collapse of Lehman Brothers in September 2008. Market liquidity dried...
OCR Unchanged at 2.5 Percent
9 June 2011 The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: "The outlook for the New Zealand economy has improved since the publication of the March Statement. "Economic...
Sector Risk Assessment Released Ahead of Anti-Money Laundering Requirements
29 March 2011 The Reserve Bank today released its Sector Risk Assessment to help registered banks, non-bank deposit taking institutions and life insurers prepare to meet upcoming requirements under the Anti-Money Laundering and Countering Financing...
Stress Testing New Zealand Banks' Dairy Portfolios
1 Introduction Stress testing a portfolio of assets (such as loans) involves evaluating what would happen to the portfolio in the face of various adverse events. Applied across a bank, a stress test can be described as "the evaluation of a bank's...
Understanding Financial System Efficiency in New Zealand
1 Introduction The financial system plays several critical roles in any modern economy, which include providing facilities to make and settle financial transactions, channelling funds from savers to borrowers, and providing a means for households...