New Zealand Bankers’ Association chief executive Karen Scott-Howman said the Reserve Bank had “stress-tested” our banks and found them strong enough to withstand a severe downturn.
Customers were often the victims in such fraud cases, New Zealand Bankers’ Association chief executive Karen Scott-Howman said.
Karen Scott-Howman said banks were constantly responding to customer preferences.
“That’s certainly the case with mobile and internet banking. We’re not seeing that kind of demand for Sharia-compliant banking here.”
Ministry of Business, Innovation and Employment
Westpac chief executive David McLean has been elected chair of the New Zealand Bankers’ Association for 2017/18 and took on the role on 1 April.
Kiwibank chief executive Paul Brock was elected deputy chair.
David McLean says it’s a privilege to be elected chair and he is confident NZBA will continue to promote outcomes that support the industry, and ultimately all New Zealanders.
“New Zealand’s economic growth and wellbeing depends on a stable, robust and secure banking system.”
Westpac takes over the chair bank role from ANZ.
New Zealand Bankers’ Association chief executive Karen Scott-Howman says, “I would like to thank David Hisco for his contribution as chair over the last year, and welcome David McLean to the role.”
Established in 1891, NZBA is the voice of the banking industry. The association advocates on behalf of the industry in support of a successful banking system that benefits New Zealanders and the New Zealand economy.
The association currently has 16 members, all of which are banks registered under the Reserve Bank of New Zealand Act 1989. The association’s governing body is its council, comprising the chief executive of each member bank. In addition to these members, NZBA has eight affiliate memberships with other organisations involved with the banking industry.
New Zealand Bankers’ Association chief executive Karen Scott-Howman said people should always take care when entering PIN numbers at ATMs.
Inland Revenue Department
Karen Scott-Howman, chief executive of the Bankers’ Association, acknowledged the role banks play in fighting financial crime but said customer privacy and confidentiality was taken seriously.
NZBA submits that the Guidance Note should retain its current level of flexibility in recognition of the fact that sales conversations can evolve differently. NZBA would not like to see further prescriptive steps or ‘checklists’ added as a result of consultation, which will not necessarily further the objective of providing simple or better advice to consumers.
The review will cover the definition of capital, the measurement of risks that the banks face and the minimum capital requirements and buffer,” said Reserve Bank Deputy Governor Grant Spencer in a speech to the New Zealand Bankers’ Association in Auckland.