Ministry of Business, Innovation and Employment (more…)

If a bank can lend within its credit risk policy and regulatory obligations, it likely will. That is the business of banking.

Ministry of Business, Innovation and Employment (more…)

Reserve Bank of New Zealand – Te Pūtea Matua (more…)

“A mortgagee sale is usually a last resort and suggests other options are no longer available. Mortgagee sales remain extremely low, despite the economic climate.”

“Banks already compensate customers for fraud losses in cases of unauthorised access to their accounts. We are currently discussing with the government a new approach for compensation in cases of authorised payment scams, where customers are tricked into making payments to criminals.

Ministry of Foreign Affairs and Trade (more…)

“The government has a range of climate-related policies and regulation aimed at addressing this issue, including climate-related risk disclosures and an emissions reduction plan. The banks take these regulatory obligations very seriously.

Ministry of Business, Innovation and Employment (more…)

“As an industry, we are working with the Reserve Bank on relevant recommendations such as lending on whenua Māori and basic bank accounts,” chief executive Roger Beaumont said.