Tag Archives: bank failure

Update: RBNZ Bank Financial Strength Dashboard – How Helpful is it?

RBNZ Bank Financial Strength Dashboard_ How Helpful is it

Discover what the RBNZ Bank Financial Strength Dashboard is. Can it help you pick a “safe bank” in New Zealand? Hopefully by now you are aware that there is no deposit insurance in New Zealand banks. So if a bank fails in New Zealand you as a depositor run the risk of losing part or all […]

New Zealand: Bank Bail in Capital of the World

Robert Barwick and Craig Isherwood of the Citizens Electoral Council (CEC) in Australia discuss how New Zealand is the “The Bail in Capital of the World”. In this interesting video they look at one of the most troubled Western Australian suburbs Madura. Where house prices have fallen and many houses are up for sale. They […]

New Zealand Bank Deposit Protection Scheme – Does N. Z. Have Bank Deposit Insurance?

New Zealand Bank Deposit Protection Scheme - Does New Zealand Have Bank Deposit Insurance?

How safe are your bank deposits? Does New Zealand have a bank deposit insurance scheme? Or is there a government bank deposit guarantee? The short answer is no. New Zealand doesn’t currently have a bank deposit protection scheme. However this may be about to change. The Labour/New Zealand First government announced a plan on 24 […]

Bank Failure | Could it Happen in NZ? | The Reserve Bank Thinks So

Could a Bank Failure happen in NZ

Back in 2011 we were reading a Zero Hedge article with the rather long headline: “Futures Plunge As Fed Discloses New Stress Test: Fears US Banks Will Need To Raise Tens Of Billions In New Capital”. This article outlined how the US Federal Reserve was intending to stress test 6 large US banks against a […]

Problems with the RBNZ Bank Stress Tests

Problems with the RBNZ Bank Stress Tests

The RBNZ has just released the latest results from the bank stress tests of the 4 major New Zealand banks. How helpful will these be to the New Zealand public?   The Reserve Bank of New Zealand recently launched its Bank Financial Strength Dashboard with a view to helping consumers monitor the strength of their […]

Kiwisaver and Bank Bail Ins: If a Bank Fails, Are Kiwisaver Funds Affected by the OBR?

Find out how Kiwisaver and bank bail ins work. See if your Kiwisaver funds would be affected if a New Zealand bank fails and customer accounts undergo a bail-in or “hair-cut”… An insightful reader writes in: I have a question for goldsurvivalguide.co.co.nz regarding bail in. If banks trigger bail in, I understand that bank investors […]

RBNZ Bank Dashboard: Why it May Not Help You Pick a Safe Bank

Update 2018: The RBNZ bank dashboard has now been published. See this post for the full details of what is included and what its shortcomings may be: RBNZ Bank Financial Strength Dashboard: How Helpful is it?   Last month the Reserve Bank quietly published its RBNZ Bank Dashboard initiative for quarterly bank disclosures. The full riveting […]

RBNZ Deputy Confirms Our Thoughts: Any Bank Depositor Bail-In Exemption Likely Minimal

Last week we discussed how the IMF has: “…recommended the government implement a $10,000 “de minimis” exemption to the current Open Bank Resolution (OBR) scheme (a.k.a. bank depositor haircut scheme). This would mean that each bank depositor would get $10,000 exempt from the Reserve Bank of New Zealand’s (RBNZ) depositor “haircut” policy if a bank […]

IMF Says NZ Needs Bank Depositor Haircut Exemption of $10,000

An IMF report this week on the state of the New Zealand banking system, recommended the government implement a $10,000 “de minimis” exemption to the current Open Bank Resolution (OBR) scheme (a.k.a. bank depositor haircut scheme). This would mean that each bank depositor would get $10,000 exempt from the Reserve Bank of New Zealand’s (RBNZ) […]

Bank Bail-Ins Going Global

Gold Survival Gold Article Updates: Apr. 10, 2014 This Week: NZ Government Deficit May be Bigger Than Expected Bank Bail-Ins Going Global Reader Question on Gold and Silver and Airport Customs  Rather a quiet news week this one in the world of precious metals it seems. Can’t say we’ve come across anything too earth shattering […]

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