Reserve-Bank-senior-adviser-receives-Central-Banking-Award-for-Economics

Reserve-Bank-senior-adviser-receives-Central-Banking-Award-for-Economics

Reserve Bank senior adviser, Leo Krippner, has won a prestigious international economics award for his work on yield curve modelling with a lower bound for interest rates.

London-based Central Banking Publications (the Central Banking Journal and CentralBanking.com) announced overnight that Dr Krippner won this year’s Economics in Central Banking Award.

Reserve-Bank-Governor-not-seeking-another-term,-Acting-Governor-appointed

Reserve-Bank-Governor-not-seeking-another-term,-Acting-Governor-appointed

Reserve Bank Governor Graeme Wheeler today announced that he will not be seeking a second term as Governor when his current term ends on 26 September this year.

Mr Wheeler said: “It has been a great privilege to serve in this role, and in the remaining eight months I will remain fully focused on the economic challenges and opportunities facing the New Zealand economy. It was my intention, when I was appointed, to serve one term, and then to take on governance roles.”

Reserve-Bank-publishes-final-outsourcing-policy-decisions

Reserve-Bank-publishes-final-outsourcing-policy-decisions

The Reserve Bank today published its final policy decisions on a revised outsourcing policy for locally incorporated registered banks.

An earlier review of the current outsourcing policy, which is published in chapter 11 of the Banking Supervision Handbook (BS11), found that the policy was being inconsistently applied. This lack of consistent compliance with the policy could compromise system stability in stress situations and potentially undermine the viability of Open Bank Resolution (OBR).

Reserve-Bank-Bulletin-takes-a-closer-look-at-forecasting-model

Reserve-Bank-Bulletin-takes-a-closer-look-at-forecasting-model

The Reserve Bank has released a Bulletin article examining the core macro-economic model it uses to support the monetary policy decision making process.

The New Zealand Structural Inflation Model (NZSIM) provides the central organising framework for the Reserve Bank’s forecasting and economic analysis. It is a structural model that provides a platform for evaluating the growth and inflation effects of various economic scenarios, including potential policy responses.

RBNZ-announces-two-senior-management-appointments

RBNZ-announces-two-senior-management-appointments

The Reserve Bank has appointed Klarissa Plimmer as Chief Information Officer and Patrick Hoerler as Head of Risk Assessment and Assurance.

As Chief Information Officer, Klarissa Plimmer is responsible for the Bank's information management and technology. Ms Plimmer was previously the Director ICT Solution Delivery at the New Zealand Defence Force, and has worked in a number of ICT leadership roles at the BNZ for 13 years.

Video-explains-how-we-test-banks'-safety

Video-explains-how-we-test-banks'-safety

The Reserve Bank has released a new animated video explaining banking sector stress tests.

Stress testing is a tool to assess how banks might cope with a severe economic downturn.

Bulletin-article-takes-a-closer-look-at-banknote-images

Bulletin-article-takes-a-closer-look-at-banknote-images

The Reserve Bank today released a Bulletin article exploring the development of design themes in New Zealand’s banknotes.

The article looks at themes and images that have been incorporated into New Zealand’s banknotes since the 1930s, with a particular focus on the updated imagery used in the new series 7 Brighter Money banknotes.

The Reserve Bank began introducing the Brighter Money banknotes in late 2015, bringing New Zealand currency up to the highest international standards for security features. While security from counterfeiting was the prime rationale for the upgrade, the opportunity was also taken to renew the specific images used for the majority of the portraits and landscapes, creating sharper and more detailed banknotes.

Reserve-Bank-issues-warning--to-Aotearoa-Credit-Union

Reserve-Bank-issues-warning--to-Aotearoa-Credit-Union

The Reserve Bank has today issued a formal warning to Aotearoa Credit Union under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act.

As the supervisor of non-bank deposit takers for compliance with their Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) obligations, the Reserve Bank has reasonable grounds to believe that between 30 June 2013 and 2 February 2015, Aotearoa Credit Union did not meet the following obligations:

Growth-prospects-look-promising-in-face-of-international-risks

Growth-prospects-look-promising-in-face-of-international-risks

The prospects look promising for New Zealand’s economic expansion to continue in the face of considerable international uncertainties, Reserve Bank Governor Graeme Wheeler said today.

Speaking to the Development West Coast Conference in Greymouth, Mr Wheeler said that in many respects the economy is performing well.