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Last week, a group of 17 countries along with leading social media platforms signed Prime Minister Jacinda Ardern’s Christchurch Call “to eliminate terrorist and violent extremist content online”. The non-binding three-page document is inspiringly pragmatic, combining aspirational actions without falling for heavy-handed (and misguided) regulations. Read more

An all-time low official cash rate of 1.5% as of May 8 means borrowing a New Zealand dollar from the Reserve Bank is a step closer to the zero lower bound – with at least one more rate cut expected in the near future. Despite excitement among mortgage owners and business, this is not good news. 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. Read more

Everyone knows the old joke about the traveller who, on asking directions to a better place, is told he shouldn’t have started from here. But stepping back from it a little, we always start from here. Read more

Few subjects are as dry as prudential regulation. As something that relates to banks, it is not the most obvious topic requiring our attention. Read more