There has only been one game in town this week and that is regulation and what it means for advisers.

Liontamer's latest capital protected fund provides an exposure to over 20 countries that are preparing to become major players on the world's economic stage, including China, India, Brazil, Russia, Mexico and South Africa^*.  To help manage the risk inherent in these rapidly growing, but sometimes volatile, markets EMERGE Series 2 has two key elements: 100% capital protection at maturity and a new Smart-Exposure feature.

South Canterbury Finance has appointed Bill Baylis, Stuart McLauchlan and Denham Shale as independent directors of the company.

South Canterbury Finance has appointed Bill Baylis, Stuart McLauchlan and Denham Shale as independent directors of the company.

Christchurch

ANZ and National Banks have taken the lead in the deposit rate war, boosting their returns on terms for 12 months or more.

Wellington

Torchlight Credit Fund, part of Pyne Gould Corp.'s Perpetual Asset Management unit, has come to the aid of South Canterbury Finance by pulling together a group of investors to provide a $75 million funding line.

Chris Baker has joined Orakei based Ken Holmes Financial Services as an adviser specialising in investment and small to medium enterprises.

Auckland

The Official Cash Rate (OCR) remains unchanged at 2.5% this morning. Below is governor Alan Bollard's speech from the Reserve Bank press conference.

Reserve Bank Governor Alan Bollard kept the official cash rate unchanged at a record low 2.5%, as expected, and dropped wording in his statement that rates could fall further, stoking speculation borrowing costs will rise sooner as the economy recovers.

Southern Cross Medical Society is considering extending its product range to provide critical illness cover.