Financial Markets Authority
Reserve Bank of New Zealand
CEO of the New Zealand Bankers’ Association Kirk Hope says that profit was helped by an increase in lending and fewer bad loans.
Bankers’ Association chief Kirk Hope says there are few times when a bank can legally divulge your information: “You’ve got compulsion by law, a public duty to divulge the information, or where a bank has to disclose information to protect its own interests, for example in a court case. Or where the customer agrees to it, for example letting their information be used for marketing purposes.”
New Zealand Bankers’ Association chief executive Kirk Hope said: “The Australian courts have so far ruled that none of the fees targeted by the action are unreasonable. For bank customers these fees are also avoidable”.
The New Zealand Bankers’ Association today welcomed Russell McVeagh as its latest affiliate member.
“We are very pleased to have Russell McVeagh, one of New Zealand’s leading commercial firms, join us as an affiliate member,” said New Zealand Bankers’ Association Chief Executive Kirk Hope.
“This move demonstrates Russell McVeagh’s commitment to the banking industry in New Zealand.”
Russell McVeagh Finance Partner Deemple Budhia said, “We’re very pleased to join the voice of the banking industry in New Zealand as an affiliate member, and look forward to supporting its objectives for a strong and stable banking system that benefits New Zealanders and the economy.”
“This membership formalises our very longstanding relationship with NZBA and its members, and we look forward to being an active contributor to this highly regarded organisation.”
Financial Markets Authority
Incoming NZBA chair Anthony Healy said, “Our banks are rated as the most sound in the world and we look forward to a productive year with the Association and its members, and continuing meaningful engagement with stakeholders.”
Bank of New Zealand chief executive Anthony Healy has been elected chair of the New Zealand Bankers’ Association for 2015/16 and takes on the role today.
ANZ chief executive David Hisco was elected deputy chair.
“I am delighted to take the role of Chair on behalf of BNZ. The Association is integral to maintaining the balance between workable regulation and economic growth which is of substantial benefit to the country.
“Our banks are rated as the most sound in the world and we look forward to a productive year with the Association and its members, and continuing meaningful engagement with stakeholders,” said Anthony Healy.
BNZ takes over the chair bank role from ASB.
New Zealand Bankers’ Association chief executive Kirk Hope said, “I would like to thank Barbara Chapman for her contribution as chair over the last year, and welcome Anthony Healy to the role.”
Established in 1891, the New Zealand Bankers’ Association advocates on behalf of the industry in support of a successful banking system that benefits New Zealanders and the New Zealand economy.
The New Zealand Bankers’ Association announced today that Buddle Findlay has joined the Association as an affiliate member.
“We are delighted to welcome on board leading law firm Buddle Findlay,” said New Zealand Bankers’ Association Chief Executive Kirk Hope.
“Joining NZBA as an affiliate member signals Buddle Findlay’s commitment to the New Zealand banking industry. We look forward to working closely with them.”
Until recently NZBA membership was limited to banks registered under the Reserve Bank of New Zealand Act 1989. The affiliate membership category allows the Association to formalise relationships it has with a range of complementary organisations involved with banking in New Zealand.
Buddle Findlay Partner Adam Jackson said, “We’re delighted to join NZBA as an affiliate member. The arrangement strengthens our already close relationship with the banking sector and helps build on our commitment to providing a range of legal services and advice to New Zealand banks.”