Political instability, rise of the 'loser' threaten sharemarket investors

5 September 2016

Political uncertainty poses the biggest threat to sharemarket investors, according to two speakers at the New Zealand Shareholders' Association annual meeting. NBR. More>

Regulation of finance doesn’t absolve from risks – RBNZ

4 September 2016

The Reserve Bank’s regulation and supervision of financial institutions doesn’t absolve their boards and managers from their responsibility to manage risks, the bank’s head of prudential supervision Toby Fiennes has argued in a speech to the NZ Bankers Association in Auckland. BusinessDesk.  More>

How Minister Smith Could Deal with Land Banking

4 September 2016

The Housing Minister appears to have abandoned his previous housing affordability goals. He wants to see housing prices return to single digit inflation and not fall. This means that the only way to return housing to affordable levels is for incomes to grow faster than house prices. Realistically this will take decades to happen; few of us will see affordable housing in our lifetime. Morgan Foundation. More>

Consistent approach has promoted robust banking system

4 September 2016

The Reserve Bank says that its consistent principles and approach to banking supervision have helped create a strong, robust banking system. Scoop/RBNZ press release.  More>

ASB KiwiSaver scheme to ditch cluster bomb and land mine makers

4 September 2016

ASB is to de-weaponise its KiwiSaver scheme after a backlash from outraged investors. The bank's move follows similar commitments from Westpac and ANZ. More>

Foreign exchange and derivative turnover survey

3 September 2016

New Zealand’s foreign exchange market handled an average of US$10.6 billion per day in April 2016 according to a Reserve Bank survey released today. This is less than the April 2013 turnover figure of US$12.4 billion but greater than the April 2010 …NEWS RELEASE More>

RBNZ to focus on areas where 'the incentives on financial institutions differ most starkly from society’s interests'

2 September 2016

 The Reserve Bank is reviewing the statements made by bank directors in public disclosures to make sure they're reliable and accurate and the system can't be gamed.  More>

Best interest 'unworkable'

2 September 2016

A requirement to act in clients’ best interests is being described as “unworkable” in practice. Instead, it is argued, the industry should consider changing the standard to “best interest,” to hold advisers to the same level as lawyers, dentists, fund managers and real estate agents.  More>

RIAA: KiwiSaver providers need to reflect Kiwi values

2 September 2016

Simon O'Connor, chief executive of the Responsible Investment Association Australasia (RIAA) says businesses are being disrupted by the rise of conscientious consumers. More>

John Mauldin probes how central banks' negative interest rate policies are hurting the global economy

2 September 2016

If you have any doubt that we’ve wandered into a new and unexplored economic universe, consider this number: US$12.6 trillion. That’s the face value of government and corporate bonds currently trading worldwide with nominal yields below zero.More>