Rising fees and absence of leverage ratio cause some New Zealand banks to consider direct clearing
New Zealand Stock Exchange to launch equity derivatives to meet demand for hedging instruments
Running for covered
The Wheatley Review calls for an end to Libor quoting in five currencies, but the number of trades affected is small – a good thing, because the available solutions are flawed, say market participants
The Reserve Bank of New Zealand’s policy targets agreement will come into effect on the same day Graeme Wheeler takes over as governor; document includes "stronger focus" on financial stability
Relaxation of restrictions over covered bonds issuance should prompt rapid expansion of sector’s present small base
The latest mandates in the asset-servicing business
Despite New Zealand’s domestic banking sector escaping the worst ravages of the recent financial crisis, the Reserve Bank of New Zealand is not wasting any time in introducing the Basel III framework – but with a local twist
New Zealand regulators have opted to bring in the capital conservation and counter-cyclical buffers ahead of the Basel Committee schedule – but market participants are unsure if this is necessary
A new draft version of New Zealand’s Financial Markets Conduct Bill was published for consultation in August. The bill provides greater clarity than the previous draft and removes uncertainty – but some further tweaks are needed, says Cindy Leiw of...
A number of major natural disasters during the past year has increased reinsurance costs in Asia, with some Japanese insurers seeing a rise of 20% or more in the cost of reinsurance. But demand for reinsurance is still growing, according to Moody’s...
The asset quality and capitalisation of New Zealand banks remains strong but dependence on wholesale funding is still a risk, say credit rating agencies.
The New Zealand Debt Management Office (NZDMO) has managed both assets and liabilities on behalf of the New Zealand government. Here, deputy secretary to the New Zealand Treasury and head of the NZDMO, Philip Combes, explains how a prudent approach to...
New Zealand is poised to have what is believed to be its first offshore dark pool when Liquidnet launches its trading operation on June 22.
Market participants are worried they could be holding fraudulent European Union carbon allowances (EUA), after computer hackers launched an alleged phishing attack on the German Emissions Trading Authority (DEHSt).
Origin Energy New Zealand has revealed that the Kupe gas project will be making the first shipment of light crude oil from Taranaki port on January 17.
Losses & Lawsuits
The Australian and New Zealand governments have unveiled new initiatives to boost confidence in funding markets.
NZ re-considers Basel II timing