sharetrader
Page 2 of 2 FirstFirst 12
Results 16 to 30 of 30
  1. #16
    Update Ready To Install
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    6,781

    Default

    Quote Originally Posted by winner69 View Post
    Question still unanswered is why is Orr even getting involved and asking for them to prove they don’t have a bad culture in NZ

    Orr (or RBNZ) banking supervision powers are about the maintenance of a “sound and efficient” financial system .......not about market conduct.



    One goes with the other, cant you see the connection.

  2. #17
    Update Ready To Install
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    6,781

    Default

    Our vision and values

    Our purpose, vision and values

    The Reserve Bank's purpose is to promote a sound, efficient and dynamic monetary and financial system. It seeks to achieve its vision - of being the best small central bank - with values of:
    Integrity: Being professional and exercising sound judgement.
    Innovation: Actively improving what we do.
    Inclusion: Working together for a more effective Bank.
    The Bank aims to develop and implement highly effective and efficient monetary, regulatory and financial policies that are well suited for the New Zealand economy and financial system. It endeavours to ensure that: the Bank’s objectives and priorities are sound, clearly communicated and understood; its business operations are well managed; and it invests wisely in the recruitment, training, development and retention of its staff. The Bank also invests heavily in reviewing and testing its policy frameworks and policy settings in light of domestic and international experience, and ensures that its independence is balanced by appropriate public disclosure and accountability.

  3. #18
    Veteran novice
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    6,289

    Default

    Spot on, Jt!

    Let's not jump to any conclusions about the new governor. I find his communication "openness" to be rather refreshing - no tweets though, thank you!

  4. #19
    Guru peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    4,104

    Default

    A new perspective Guv - i find this quite refreshing
    http://www.sharechat.co.nz/article/992e11ba/governor-orr-draws-on-t-ne-mahuta-to-tell-rbnz-s-new-story.html


    He says he can lay a mean hangi!
    For clarity, nothing I say is advice....

  5. #20
    An Awesome Cool Cat winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    21,102

    Default

    Quote Originally Posted by peat View Post
    A new perspective Guv - i find this quite refreshing
    http://www.sharechat.co.nz/article/992e11ba/governor-orr-draws-on-t-ne-mahuta-to-tell-rbnz-s-new-story.html


    He says he can lay a mean hangi!
    Too many distractions diverting his attention away from the main job I think

    Wasn’t bad that after promoting ‘transparency’ the RBNZ banned media and even reporting from a speech to business people recently ...aparently this is what transparency means - “...communicate directly with a group of people who will be better informed after the event than they were at the start. That fits very well with our strategy to communicate more widely.”

    Also it seem strange that even though the RBNZ say 4.6% is the best guess of the unemployment rate consistent with keeping inflation low and yet the Reserve Bank has allowed it to fall to 4.4% without considering the need for at least a token OCR hike ...but then saying the next change could be up or down maybe he has considered a hike but is signalling a cut if anything is like. We’ll all suffer in late 2019/2020
    “I know that I am intelligent, because I know that I know nothng “ — Socrates

  6. #21
    Member Lego_Man's Avatar
    Join Date
    Feb 2009
    Posts
    414

    Default

    Quote Originally Posted by winner69 View Post
    Too many distractions diverting his attention away from the main job I think

    Wasn’t bad that after promoting ‘transparency’ the RBNZ banned media and even reporting from a speech to business people recently ...aparently this is what transparency means - “...communicate directly with a group of people who will be better informed after the event than they were at the start. That fits very well with our strategy to communicate more widely.”

    Also it seem strange that even though the RBNZ say 4.6% is the best guess of the unemployment rate consistent with keeping inflation low and yet the Reserve Bank has allowed it to fall to 4.4% without considering the need for at least a token OCR hike ...but then saying the next change could be up or down maybe he has considered a hike but is signalling a cut if anything is like. We’ll all suffer in late 2019/2020
    Fruity as hell...

    I had high hopes for Orr but he seems to be overreaching his role at every opportunity. We've gone from one extreme to the other...

  7. #22
    Guru peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    4,104

    Default

    Clearly not into crypto
    "The death of the currency is much exaggerated at the moment, and likewise the life of a lot of these cryptocurrencies," Orr said.
    For clarity, nothing I say is advice....

  8. #23
    Update Ready To Install
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    6,781

    Default

    Diversity and Inclusiveness thats our future.No need to be scared, embrace positive change and leave redundant RB habits behind. KEEP UP

    "I think we were lagging behind in some places," Orr says. "It's not just tikanga Māori, it's about accepting what future New Zealand looks like. It doesn't look like current New Zealand. It's going to be Polynesian, Asian, European, as opposed to European, Polynesian, Asian" and the bank has to grow with the change.

  9. #24
    Member Lego_Man's Avatar
    Join Date
    Feb 2009
    Posts
    414

    Default

    Quote Originally Posted by Joshuatree View Post
    Diversity and Inclusiveness thats our future.No need to be scared, embrace positive change and leave redundant RB habits behind. KEEP UP

    "I think we were lagging behind in some places," Orr says. "It's not just tikanga Māori, it's about accepting what future New Zealand looks like. It doesn't look like current New Zealand. It's going to be Polynesian, Asian, European, as opposed to European, Polynesian, Asian" and the bank has to grow with the change.

    Maybe wishful thinking from the Euro-haters.

    http://archive.stats.govt.nz/browse_...2013-2038.aspx

    Stats NZ still has European NZ'ers as a comfortable majority of the population out to 2038 (and by inference beyond), so his characterisation is completely bogus. Possibly more worrisome for our treaty partners as they will be shortly overtaken as out largest minority.

  10. #25
    Guru
    Join Date
    Apr 2003
    Location
    Wellington, New Zealand
    Posts
    2,733

    Default

    Quote Originally Posted by Lego_Man View Post
    Maybe wishful thinking from the Euro-haters.

    http://archive.stats.govt.nz/browse_...2013-2038.aspx

    Stats NZ still has European NZ'ers as a comfortable majority of the population out to 2038 (and by inference beyond), so his characterisation is completely bogus. Possibly more worrisome for our treaty partners as they will be shortly overtaken as out largest minority.
    It's going to be European, Asian, Polynesian before anything.

  11. #26
    Veteran novice
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    6,289

    Default

    We seem to be straying well away fom this forum's theme - Investment Strategies.


  12. #27
    An Awesome Cool Cat winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    21,102

    Default

    Good speech by Orr ....good probably because I agree about short termism

    https://rbnz.govt.nz/research-and-pu...eech2018-09-07

    Orr sounds bored as a RBNZ Governor .....seems more interested in things other than monetary policy (and my opinion he’s not doing that well)
    “I know that I am intelligent, because I know that I know nothng “ — Socrates

  13. #28
    Update Ready To Install
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    6,781

    Default

    Excellent read , thanks for the link w69.

  14. #29
    Guru peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    4,104

    Default

    yes thanks from me too w69.

  15. #30
    An Awesome Cool Cat winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    21,102

    Default

    Another Orr masterpiece (under guise of RBNZ)

    https://rbnz.govt.nz/-/media/Reserve...huta.pdf?la=en
    “I know that I am intelligent, because I know that I know nothng “ — Socrates

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •