This week, we were happy to see the changes to NCEA announced by Education Minister Chris Hipkins. It is encouraging that the Minister’s NCEA Change Package mirrors so many of the recommendations in our 2018 report, Spoiled by Choice: How NCEA hampers education, and what it needs to succeed. For example, the announced package includes: Read more
During the Global Financial Crisis, many banks around the world failed spectacularly (though fortunately none in Australia or New Zealand). Some financial institutions were bailed out at enormous costs to taxpayers. Others went under, causing severe disruption to their economies.To prevent such a scenario ever playing out again must be a constant worry for any financial markets regulator and central bank.This is why the Reserve Bank of New Zealand (RBNZ) published proposals last December to increase the amount of capital... Read more
Especially since the Brexit vote, policymakers aiming for political stability might be reluctant to ask citizens about their opinion. They should not feel that way. As with sports, practice makes perfect when it comes to voting. The Swiss lead by example. They vote on everything, even the silly stuff. In November last year, for example, the Swiss voted on cows and their horns. Allegedly, owning a full set of horns is about bestowing dignity to the cows. Read more
Submission: The Review of the Capital Adequacy Framework for locally incorporated banks: How much capital is enough?
Read our submission to the Reserve Bank of New Zealand on The Review of the Capital Adequacy Framework for locally incorporated banks: How much capital is enough? Read more