The Reserve Bank is testing the waters for making lenders carry more capital cover on their balance sheets for high loan-to-value ratio mortgages, where it sees more risk to the country’s financial system. The central bank is reviewing bank capital adequacy requirements for home loans, and sees a higher correlation in the local market with housing loan losses than international …

Diligent Board Member Services faces breaching listing rules after the stock exchange regulator refused an application to waive its use of an American auditor without a local licence. NZX Regulation declined a waiver from listing rules that would let Diligent off the hook for not using an auditor with a local licence, according to a decision published on the stock …

Veritas Investments, the shell company that’s acquiring the Mad Butcher franchisor business, will offer shares at $1.30 apiece, raising up to $25 million to help fund the purchase. The price represents a premium to the volume weighted average price of the stock in the three months before the $40 million cash and scrip acquisition was announced on Dec. 20 though …