Latest news with #AdrianOrr
National Business Review
13-06-2025
- Business
- National Business Review
RBNZ socks, s*** humans, dunkelflaute, NZME skin
At Fieldays this week, Finance Minister Nicola Willis took the Reserve Bank to task for its handling of Official Information Act requests into the background to Adrian Orr's abrupt departure as the bank's governor. Did we hear that right? Willis was responding to questions after the RBNZ Want to read more? It's easy. Choose your subscription Already have an account? Login Smartphone Only Subscription NZ$29.95 / monthly Monthly Premium Online Subscription NZ$49.95 / monthly Smartphone Only Annual Subscription NZ$299.00 / yearly Yearly Premium Online Subscription NZ$499.00 / yearly Premium Group Membership 10 Users NZ$385 +GST / monthly $38.5 per user - Pay by monthly credit card debit Premium Group Membership 20 Users NZ$660 +GST / monthly $33 per user - Pay by monthly credit card debit Premium Group Membership 50 Users NZ$1375 +GST / monthly $27.5 per user - Pay by monthly credit card debit Premium Group Membership 100 Users NZ$2100 +GST / monthly $21 per user - Pay by monthly credit card debit Yearly Premium Online Subscription + NBR Marketplace NZ$999.00 / yearly Individual Group membership NBR Marketplace Student Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499). View terms and conditions.
Scoop
12-06-2025
- Business
- Scoop
Statement from RBNZ chair Neil Quigley about OIAs on Adrian Orr's resignation
Press Release – The Reserve Bank of New Zealand We are taking into account the feedback that we have received on our management of these OIA requests and looking carefully at how we can improve our response times in the future,' Mr Quigley said. 'RBNZ was late in producing a response to some of the OIAs we received on Adrian Orr's resignation. I regret that this delay occurred,' Reserve Bank of New Zealand – Te Pūtea Matua Chair Neil Quigley says. 'The circumstances and the volume of information associated with the OIAs on Adrian Orr's resignation were complex, and we needed to be sure that our consideration of relevant information was comprehensive. 'As well as our obligations under the Official Information Act, we needed to take into careful consideration the former Governor's exit agreement and privacy law. For this reason, we extended consultation on the information and our response, including review by senior external counsel,' he said. 'On 5 March I was limited in what I could say about the former Governor's resignation both by the terms of his exit agreement and the fact that we were still working through finalisation of the detail of the next Five-Year Funding Agreement (FYFA). 'We were conscious of the need to explain to staff of the RBNZ the potential implications for staffing levels of a lower level of funding and needed time to consider the details of that. 'We are taking into account the feedback that we have received on our management of these OIA requests and looking carefully at how we can improve our response times in the future,' Mr Quigley said.
NZ Herald
12-06-2025
- Business
- NZ Herald
Anti-ICE protests continue, and Nicola Willis criticises Reserve Bank
Anti-ICE demonstrations continued across several American cities and Finance Minister Nicola Willis criticised the Reserve Bank over Adrian Orr's resignation.
Scoop
12-06-2025
- Business
- Scoop
Statement from RBNZ chair Neil Quigley about OIAs on Adrian Orr's resignation
'RBNZ was late in producing a response to some of the OIAs we received on Adrian Orr's resignation. I regret that this delay occurred,' Reserve Bank of New Zealand – Te Pūtea Matua Chair Neil Quigley says. 'The circumstances and the volume of information associated with the OIAs on Adrian Orr's resignation were complex, and we needed to be sure that our consideration of relevant information was comprehensive. "As well as our obligations under the Official Information Act, we needed to take into careful consideration the former Governor's exit agreement and privacy law. For this reason, we extended consultation on the information and our response, including review by senior external counsel,' he said. 'On 5 March I was limited in what I could say about the former Governor's resignation both by the terms of his exit agreement and the fact that we were still working through finalisation of the detail of the next Five-Year Funding Agreement (FYFA). 'We were conscious of the need to explain to staff of the RBNZ the potential implications for staffing levels of a lower level of funding and needed time to consider the details of that. 'We are taking into account the feedback that we have received on our management of these OIA requests and looking carefully at how we can improve our response times in the future," Mr Quigley said.
Bloomberg
12-06-2025
- Business
- Bloomberg
New Zealand's Willis Criticizes RBNZ Handling of Orr Resignation
New Zealand Finance Minister Nicola Willis has criticized the Reserve Bank for its handling of former governor Adrian Orr's resignation, saying it should have been more transparent about his reason for quitting. 'It's my expectation that all government agencies comply with their statutory obligations and wherever possible are open and transparent with New Zealanders,' Willis told reporters on Thursday. 'Of course they need to balance that against their legal obligations when it comes to employment discussions and agreements, but on this one I think they could have pulled their socks up.'
