The RBNZ Financial Stability Report: plus ça change.

Yesterday, the Reserve Bank published its May Financial Stability Report (FSR). It’s always an interesting read, and I guess that RBNZ employees enjoy contributing to this publication. I will not dwell too long on the report, as the message is very Blue Peter: “New Zealand’s financial system is well placed to handle the increasing interest… Read More The RBNZ Financial Stability Report: plus ça change.

Fresh RBNZ dashboard data confirms New Zealand’s banks are resilient – again

The Reserve Bank of New Zealand just published its latest Financial Strength Dashboard data. It is now up to date until 31 December of last year. A summary Capital went up. Largely thanks to restrictions on distributions and perhaps a donation from a generous parent bank, aggregate CET1 ratios are now well over twelve percent.… Read More Fresh RBNZ dashboard data confirms New Zealand’s banks are resilient – again

Eyes Wide Shut: Did Bank Capital Grow under RBNZ’s Governor Orr?

And what does it mean for one bank in particular? Last week, audit firm KPMG published its quarterly Financial Institutions Performance Survey (or FIPS). It featured the deteriorating profitability of New Zealand’s banks. Bad news of course, and the New Zealand financial press quickly jumped on the survey. Radio New Zealand printed a headline sporting… Read More Eyes Wide Shut: Did Bank Capital Grow under RBNZ’s Governor Orr?

The curious share price movements of four big Oz banks on 5 December 2019

On 5 December 2019 at 12:01 pm, I received an email from the Reserve Bank of New Zealand. The email announced some important decisions about the Bank’s capital review. As the email contained summary information only, I went to the RBNZ website to get the documents explaining the capital review decisions. Unfortunately, it was impossible… Read More The curious share price movements of four big Oz banks on 5 December 2019