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 […]
Tag Archives: bank failure
09
Jul
Jul
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 […]
12
Jun
Jun
Discover what the RBNZ Bank Financial Strength Dashboard is. Can it help you pick a “safe bank”? 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 of your […]
12
Jun
Jun
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 […]
17
Oct
Oct
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 […]
22
May
May
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 […]
11
May
May
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) […]
10
Apr
Apr
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 […]
05
Feb
Feb
Here’s a quick video summary of the Reserve Bank Of New Zealand’s Open Bank Resolution (OBR) scheme. Implemented in June 2013 as an alternative to a government (i.e. tax payer) bail out of any failed bank in New Zealand, this rather innocuous sounding name actually means a Cyprus like bank “bail in” or depositor “Hair […]
20
Mar
Mar
Unless you’ve been under a rock (or without broadband and TV for 3 days like me!) you will have no doubt heard about the “bail in” of banks via bank depositors in the small island nation of Cyprus. The proposal (which has since been voted down) was to tax – a.k.a. steal funds – up […]
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