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Michael Cullen

Law Covering Regulation Of Finance Companies Passed

Finance companies, building societies, credit unions and other deposit takers will be required to obtain credit ratings and meet tougher prudential requirements as a result of legislation enacted today, Finance Minister Michael Cullen says.

No Change In NZ's Rating Welcomed By Cullen And English

(ads comment from opposition) Wellington, Aug 6 NZPA - An affirmation of New Zealand's credit rating by Standard & Poor's today was used to score political points by Finance Minister Michael Cullen and the National Party's finance spokesman Bill English.

No Change In NZ's Rating Welcomed By Cullen

Wellington, Aug 6 NZPA - The affirmation of New Zealand's sovereign credit rating by Standard & Poor's today was a vote of confidence during challenging times, Finance Minister Michael Cullen said today.

Academic Calls For Finance Sector Law To Be Fast-tracked

By Kent Atkinson of NZPA Wellington, July 24 NZPA - Massey University financial investment expert Chris Malone says it is a concern that the finance sector crisis has not been adequately addressed by the Government and the Reserve Bank.

Rate Cut Good News Even If No Mortgage Cut - Cullen

Finance Minister Michael Cullen says today's cut to the Official Cash Rate is good news for mortgage holders even if it does not mean an immediate fall in rates.

Rate Cut Good News Even If No Mortgage Cut - Cullen

Wellington, July 24 NZPA - Finance Minister Michael Cullen says today's cut to the Official Cash Rate is good news for mortgage holders even if it does not mean an immediate fall in rates.

Hanover Rating Downgrade Raises Questions About Credit Ratings

The decision by credit agency Fitch Ratings to downgrade Hanover Finance's rating today, a day after the finance company announced it would default on interest payments, raises questions about the effectiveness of credit ratings to help investors.

Key Signals 'Modest Changes' To Kiwisaver

National's leader, John Key, says there will be "some modest changes" to the KiwiSaver scheme if his party wins the election. Mr Key would not give any details today when he was questioned on TV One's Breakfast programme but he said nothing radical would be done.

Nats Say Monetary Policy Re-write Would Be Dangerous

The National Party is warning that a re-write of monetary policy would lead to higher inflation and push interest rates even higher.

Nats Say Monetary Policy Re-write Would Be Dangerous

Wellington, July 4 NZPA - The National Party is warning that a re-write of monetary policy would lead to higher inflation and push interest rates even higher.

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