Auckland Council
Deputy Mayor advocates to the banking sector
27/03/2024
One of the things that I hadn’t appreciated before meeting with the NZBA was that in many cases, banks don’t have much discretion under the Credit Contracts and Consumer Finance Act to give quick loans and overdrafts in an emergency – the regulations simply don’t allow it.
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Newstalk ZB
‘Off the charts’ regulation has been hindering banks – Banking Association
22/03/2024
Banking Association Chief Executive Roger Beaumont told Mike Hosking that the commission also recognised the impact of industry regulation. He says the regulation banks have been required to do is off the charts and has been a handbrake on innovation.
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Good Returns
Non-banks, banks welcome different aspects of ComCom draft report
22/03/2024
“We are pleased to see the commission recognises the significant impact regulation has on consumers,” said New Zealand Banking Association chief executive Roger Beaumont.
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NBR
ComCom suggests Kiwibank IPO could make it genuine disruptor
21/03/2024
“Our banks embrace competition and support transparent and easy access to banking services for all New Zealanders. Banks will provide constructive feedback on the draft recommendations.”
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Stuff
Big four banks a highly profitable oligopoly, competition watchdog says
21/03/2024
“We are pleased to see the commission recognises the significant impact regulation has on consumers. Our banks embrace competition and support transparent and easy access to banking services for all New Zealanders.”
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RNZ
No silver bullet to make banking sector more competitive – banking expert, minister
21/03/2024
“Regulatory burden has been a real impost and barrier to innovation, and so if we can get some relief from some of those regulatory requirements, then it will allow banks to become able to spend more time and more resources on innovation.”
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Stuff
How scammers exploit digital naivety
20/03/2024
“But the most important thing you can do is to have a degree of caution and care about anything you do when paying money in an online environment,” Beaumont adds.
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Stuff
Banks find almost 1000 mule accounts operating in NZ
20/03/2024
Banks launched a joint effort to identify mule accounts in December and had found almost 1000 by February, New Zealand Banking Association chief executive Roger Beaumont said.
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Business Desk
FMA fair ‘outcomes’ agenda cops industry flak as misguided
20/03/2024
“We submit that the FMA could make it clearer that the outcomes won’t be used as a tool to penalise financial institutions for outcomes that may seem unfair with the benefit of hindsight,” the NZBA submission says.
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Interest.co.nz
New Zealand Banking Association calls for less restrictive debt-to-income limits for home lending than the RBNZ wants
16/03/2024
Having previously opposed the Reserve Bank introducing debt-to-income restrictions on banks’ home loan borrowers, now they’re going ahead, the New Zealand Banking Association wants them loosened.
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