On the move in the New Zealand political economy this week:
New Zealand may finally implement deposit protection as part of a review of the Reserve Bank.
The Reserve Bank is warning banks to be "far more prudent" about lending to dairy farmers, but says it doesn't see mycoplasma bovis as a threat to financial stability.
A gut feeling that banks may not have learned their lesson around prudent lending is holding Reserve Bank governor Adrian Orr back from easing loan to value restrictions, Lynn Grieveson reports.
The Reserve Bank gave the financial system a clean bill of health in its half-yearly Financial Stability Report today, but said it wanted to see subdued mortgage lending growth sustained before it further eased restrictions on Loan to Value Ratios.
The Reserve Bank needs to get "far more aggressive" to cast off a gender imbalance where 11 of the central bank's 13-strong executive team are men, and the proportion of women in senior roles ranks alongside some of the least diverse Crown agencies.
The Guardians of New Zealand Superannuation are on track to appoint a new chief executive next month, as the board lobbies to keep control of setting the top manager's pay packet.
Plans to restrict the pay of Crown entity chief executives could put New Zealand’s superannuation fund at risk of political interference, the board’s chairwoman has warned MPs.
New Zealand's economy and Government is under new management, but Bernard Hickey sees little real change so far in monetary or fiscal policy under Grant Robertson and Adrian Orr.
Newsroom's Business Editor Nikki Mandow has taken a closer look at the conflicts of interest problem the biggest banks have around Kiwisaver. The FMA and the Reserve Bank are taking an even closer look behind the scenes.