KPMG
Conduct, culture and capital
19/02/2020
The New Zealand banking industry is living in interesting times. In 2019 the three C’s – conduct, culture and capital – dominated our landscape. Where have we got to and what’s coming up?
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NZ Herald
RBNZ launches direct phone line and email for whistleblowers in banking
11/02/2020
The move surprised the NZ Bankers’ Association, which has been working on its own industry-wide scheme to provide an independent alternative to the banks’ current whistleblowing services.
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TVNZ
Rotorua woman one of thousands of Kiwis left struggling after having bank account closed
04/02/2020
The Bankers Association says with 14 retail banks, people should shop around. It also says banks work with people with poor credit history to try and improve it, but accounts are never closed without good reason.
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NZ Herald
Leading questions: Roger Beaumont on the tough year for bankers
25/12/2019
Roger Beaumont, chief executive of the New Zealand Bankers Association, talks about the year past and what he hopes 2020 will have in store.
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Stuff
Consumers ‘data rights’ law to smash banks’ stranglehold
19/12/2019
“Banks are at different development stages in this area. It’s important we get the foundations right to ensure good customer outcomes. That includes making sure customer data is kept secure and there’s clarity on liability in case of any breach.”
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Interest.co.nz
Parent of New Zealand’s biggest bank confident of meeting higher capital requirements
06/12/2019
“Today’s announcement provides our banks with certainty on the amount and type of capital they will need to hold in future, and brings an end to a robust consultation,” says New Zealand Bankers’ Association chief executive Roger Beaumont.
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NZ Herald
Banks need to raise $20 billion to meet tough new Reserve Bank requirements
05/12/2019
Citing an economic review, NZBA has said lifting the capital requirements would have economic welfare costs of $1.8 billion a year and that it would disproportionately affect agricultural, small business lending, and savers.
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TVNZ
Banks will have to hold more capital to ensure Kiwis’ cash is safe
05/12/2019
Banks will have to hold more capital, possibly leading to a small rise in interest rates, the Reserve Bank has revealed.
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Newshub
Reserve Bank orders banks to increase capital by $20 billion
05/12/2019
“It’ll be a matter of months rather weeks before the implications are made clear.”
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NZ Herald
Banking industry warning: ‘There will be an economic impact’
05/12/2019
“Today’s announcement will have an economic impact and each bank will now consider the implications for their business and customers, and will be developing their own commercial response.”
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