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AMP sees improvement in cashflow but wealth disappoints
The bank reported cash outflows of $9.0 billion for its wealth business, however, cash inflows were up $7.1 billion, $0.6...
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No game changer for local banks under NZ’s capital changes
Changing tact on its analysis, the big four banks should not have to raise additional capital to meet the Reserve Bank of New...
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Kiwis eye Australia’s approach to open data
New Zealand is looking at widening its open banking regime to include other sectors, an approach adopted in Australia.
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How Kiwbank’s accelerator program is paying off
Kiwibank’s accelerator program has managed to spin off a number of new start-ups but it has not been an easy journey to replicate...
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Will open banking be a pure bank play in New Zealand?
Despite a digitally engaged market, New Zealanders are not as engaged with fintechs compared with other markets.
Speaking...
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S&P warns of costs for Australian banks from NZ move
Recent proposals by the New Zealand central bank to increase regulatory capital requirements for the country's banking system are...
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New Zealand’s capital plan “annoying but not dire” for Aussie banks
The decision by the Reserve Bank of New Zealand to boost the capital requirements of its banks will add uncertainty for Australian...
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NZ banks: Profit bounces back in June after slump
New Zealand's major banks collectively grew profits by nearly 15 per cent in the June quarter, with earnings returning to...
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NZ housing affordability worsens, a credit negative for covered bonds
Moody's says housing affordability for new mortgage borrowers deteriorated on average across New Zealand over the year to June 2018...
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