The Treasury opposed Commerce Minister Simon Power’s bid to fast-track the formation of the super-regulator, saying it won’t boost investor confidence over the long-term.

The government has paid out $79.1 million to investors in three of the six failed finance companies covered by the deposit guarantee.

CBS looks to set up $100 mln securitisation programme; Fonterra capital notes interest rate resets; Irongate pays out bondholders after Bluestone injection; PropertyFinance Group to delist.

ING is waiting to see how the refinancing of Australian-based LM Investments pans out before it can make any decisions as to the future of its PPS Mortgage Fund.

PSIS is knocking on the door of an investment grade credit rating after Standard & Poor’s revised its outlook to ‘positive’.

Whakatane-based lender Asset Finance turned profitable in the year through March as it prepares for life after the government's deposit guarantee in just over two months.

Economists are predicting the housing market will stay soft for the rest of the year after Real Estate Institute data showed sales volumes stayed under pressure last month.

Controversial financier Paul Bublitz has lashed out at the decision of Covenant Trust to send Mutual Finance to the receivers, with some $1.3 million not covered by the government's guarantee.

Some $100 million in tax benefits for investors in the frozen ING funds prompted the Commerce Commission to pare back its target from a settlement.

The Code Committee has flagged it wants to align its review process with government officials.

Chairman Ross Butler told advisers at a roadshow in Wellington that the committee wants the code to bed itself in before they consider reviewing and revising it. He sees alignment with the Ministry of Economic Development's five-year review of the regime as a good idea.

The New Zealand Debt Management Office wants a September 2025 maturity date when it resumes the sale of inflation-indexed bonds to bring the securities into line with Australia.

Personal finance lender Instant Finance tripled its net profit last year as it wound down its retail deposits, and accused the government’s guarantee of distorting the market.

The receiver for failed financier Lombard Finance and Investments have secured enough cash to make a 2.5% payment to investors, and is hoping to double that.

The government will take another two months to consult with industry to make sure it gets the regulation right to let category two advisers strive for authorisation.

Marac’s planned merger with Canterbury Building Society and Southern Cross Building Society could be completed this year.

St Laurence investors do not need to worry about any prior ranking creditors eating into their meagre returns.