Stuff
Reserve Bank pulls down shutters in wake of cyber-attack
10/01/2021
Bankers’ Association chief executive Roger Beaumont said that “as it was a security issue we understand why the Reserve Bank cannot say much more at this stage”.
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NZ Herald
What will banking look like in 2021?
31/12/2020
Roger Beaumont, chief executive of the New Zealand Bankers Association, says the outbreak of Covid-19 has sped up trends in the banking industry that were already happening.
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Interest.co.nz
With a debt-to-income ratio tool back on the table, Gareth Vaughan looks at the political and other challenges the RBNZ needs to overcome to be granted the financial stability tool
14/12/2020
In its response to the 2017 consultation, bank lobby group the New Zealand Bankers’ Association argued the evidence linking high-DTI loans and default was weak, with job loss having the most significant impact on the likelihood of loan default. NZBA suggested a serviceability interest rate as a potential alternative.
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Stuff
Law firms next target of living wage push
14/12/2020
Banking became the first industry to become fully living wage accredited in July. Seventeen members of the New Zealand Bankers’ Association pledged to pay staff and contractors (including cleaners and security guards) at least a living wage. An estimated 1800 people received a pay rise as a result.
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Stuff
Retailers and shoppers likely to share spoils from ‘hard caps’ on bank card fees
09/12/2020
Bankers’ Association chief executive Roger Beaumont said it was “a complex area”.
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RNZ
Govt looks to regulate contactless payment fees for retailers
09/12/2020
New Zealand Bankers’ Association chief executive Roger Beaumont said: “This is a complex area. We will consider the consultation paper to determine our response on behalf of the industry.”
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RNZ
Loss of Geraldine bank: ‘It’s got me gobsmacked’
05/12/2020
The pilot was being led by the New Zealand Bankers’ Association and included six major banks which would test demand for basic banking services in regional communities.
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Stuff
Banking Hub begins year long trial in Nelson
03/12/2020
“What a hub environment like this can help some customers with is that transition to online and understand it’s OK. It’s safe and it’s not that scary.”
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NZ Adviser
Majority of deferred loans now “back to normal”
01/12/2020
The NZBA revealed that over two-thirds of consumer loans that had principal and interest repayments deferred due to the impact of the pandemic were now “back to normal,” and nearly 40% of consumer loans that had reduced repayments were also now back on track.
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RNZ
Reefton residents face long drive to do their banking
30/11/2020
Association chief executive Roger Beaumont said trial regions were chosen on a range of criteria. “Some of that is geographic spread, so there’s two in the South Island and two in the North Island, and then we wanted to test different scenarios – scenarios where there was still one bank on town remaining, and also...
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