NBR
‘Lead the way on scams’, banks tell Government
14/04/2024
The NZBA has requested operational support from other government agencies, that letters of expectation be sent to relevant industry participants such as telcos and social media companies, and that the Commerce and Consumer Affairs minister help co-ordinate action.
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NZ Herald
Faces of the victims: The 25 scam casualties who lost $6.7 million to fraud
13/04/2024
“Scams aren’t just a bank problem – people are deceived by fake websites, emails, texts, and social media ads. Government and other industries, particularly social media companies, also need to step up.”
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Stuff
Kiwis want more protection against bank fraud and cybercrime
12/04/2024
Banks already invest significantly in fraud analytics and prevention to identify unusual customer spending patterns, warn customers of potential scams, and shut down fake bank websites and phone numbers used in scams, he says.
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NZ Herald
Banking sector launches review of fraud reimbursement rules after threat of Govt regulation
04/04/2024
“To truly strengthen New Zealand’s scam defences, everyone in the ecosystem needs to play their part – and that includes government, telcos, social media companies, and search engines. Banks can’t protect New Zealanders on their own.”
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Business Desk
Huggins and Watson take on chair and deputy chair roles at NZ Banking Association
01/04/2024
The chief executives of BNZ and ANZ banks have been elected chair and deputy chair of the New Zealand Banking Association.
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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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