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.”
Read Article
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.
Read Article
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.
Read Article
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.
Read Article
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.
Read Article
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.”
Read Article
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.”
Read Article
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.”
Read Article
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.
Read Article
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.
Read Article
