Governance and Administration Select Committee (more…)

“The technology build and integration of the new service differs across banks, so it’s unsurprising that each bank’s testing and delivery phase looks slightly different,” said association chief executive Roger Beaumont.

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

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

According to Beaumont, two overseas banks have announced in the past 18 months that they are exiting the retail market, which is a setback for competition.

New Zealand Banking Association chief executive Roger Beaumont said only 1.4% of home loan customers were behind on their repayments.

External Reporting Board (more…)

Financial Markets Authority (more…)

The NZ Banking Association said the average savings account balance in June was $15,800.

“Whether or not merchants charge their customers for the cost of processing card payments is a matter for them. Some may prefer to pass on the cost, while others may absorb it as a cost of doing business,” said NZBA chief executive Roger Beaumont in a statement.