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Financial Market Infrastructures Standards Issued

Standards for designated Financial Market Infrastructures (FMIs) have been issued by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) and the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko, following two rounds of public consultation. . ....

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Analytical Note Finds Monetary Policy Statements Text Meets Policy Aims

An Analytical Note released today by the Reserve Bank of New Zealand – Te Pūtea Matua has found that Monetary Policy Statements are written in a way that matches the aims of monetary policy. The Note provides a textual analysis of 100 Monetary . ....

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No Need To Compromise Service For Value Says Co-operative Bank CEO

The Co-operative Bank CEO Mark Wilkshire says he’s proud of the results that have been confirmed today because they demonstrate that New Zealand banking customers can have excellent service without having to compromise on the value they receive . ....

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Financial Strain On Households And Businesses

New Zealand’s banking system remains resilient as loans to households and businesses steadily reprice to higher interest rates. Debt servicing costs have risen significantly from historically low levels during the pandemic. For households with a mortgage, . ....

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Reporting Entities Reminded Of AML CFT Obligations Following ANZ Investigation

The closure of an investigation into ANZ Bank New Zealand’s (ANZ) self-reported international wire transfers reporting failures is a timely reminder for reporting entities’ AML/CFT obligations. The investigation focussed on ANZ’s failure to . ....

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