Former Finance Minister Bill English has described the influence of Australia's big four banks as more pervasive in New Zealand than that of China.
The National Government is amending the law for landlords and tenants, but other parties say it is too timid and in the wrong direction. Baz Macdonald reports.
In today's email (sent to subscribers before this morning's decision by the Commerce Commission) we looked at the implications of either a yes, no (or 'yes but no') vote on the proposed Fairfax-NZME merger.
Waterfront properties are still marketed as desirable but rising sea-levels may render thousands of them uninsurable, sending their values into freefall and resulting in fiscal risks for banks and the government, writes Lynn Grieveson.
The focus in and around yesterday's half-yearly Financial Stability Report was on the Reserve Bank's plans for Debt To Income (DTI) limits and the impact of the Kaikoura quake.
Wellington real estate agents report that house sales have frozen mid-settlement since Monday because insurers are refusing to roll over cover on properties from vendor to buyer, as they did in the immediate aftermath of the Canterbury earthquakes.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Friday.
The Parliamentary Commissioner for the Environment, Jan Wright, has warned bach and beachside home owners, banks, insurers and the Government to factor in a 'baked in' 30 cm increase in sea levels into their financial calculations for the next 35 years and beyond.
The Ministry of Business, Innovation and Employment (MBIE) has announced it plans to tender out all of the Government's risk financing and insurance after the Christchurch earthquake ramped up premiums and excesses.
The Insurance Council is calling for the definition of an 'earthquake prone building' to be extended to cover any building with fittings or internal partitions that might fall in an earthquake.