RNZ
Adrian Orr: The Reserve Bank governor taking on the Aussie banks
04/10/2019
Former head of the Treasury Graham Scott wrote the association’s submission on the Reserve Bank proposal. He says requiring banks to hold 16 percent capital will cost the economy about $1.8bn a year and could lead banks to pull money out of the country.
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NZ Herald
Experts have their say. Did Reserve Bank governor Adrian Orr get new bank rules right?
30/09/2019
“We differ on the costs of the proposal compared to the benefits. Our banks are already well-capitalised and strong by international comparisons,” said NZBA chief executive Roger Beaumont.
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Stuff
Experts reject claims bank capital proposals will be expensive for customers
30/09/2019
“The independent economic analysis we commissioned from Sapere in May, and led by former Treasury Secretary Dr Graham Scott, found that the Reserve Bank proposals will cost households, businesses and our economy around $1.8 billion a year.”
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Newshub
Farmers welcome regional banking hubs trial
30/09/2019
AM Show host Duncan Garner talks to NZBA CEO Roger Beaumont about the Banking Hubs pilot
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Otago Daily Times
Twizel part of trial for banking hubs
30/09/2019
New Zealand’s “big six” banks have welcomed a trial banking hub to provide banking services in communities which would otherwise go without.
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TVNZ
Major NZ banks to trial regional hubs, as branches continue to close
29/09/2019
The hub trial will last up to 12 months beginning early next year, costing significantly less than a full branch, says the NZ Bankers Association.
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Newshub
Banks in New Zealand to trial ‘hubs’ in regions hit by lack of branches
29/09/2019
“I’d like to thank the banks and the Bankers’ Association for working with the Government on this initiative which will be implemented in early 2020.”
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Timaru Herald
Twizel one of four towns to trial a multi-banking hub
29/09/2019
“Each Banking Hub pilot will test different ways of adapting to community demand and requirements and services will evolve over time. They will provide different capabilities, with variations in technology and personal service.”
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NZ Herald
Banks promise not to shutdown regional branches as Government trials ‘banking hubs’
29/09/2019
“The New Zealand Bankers’ Association note that in the past five years, about 70 per cent fewer people have been using branches nationwide.”
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Stuff
Government reaches deal with banks to push pause on regional branch closures
29/09/2019
“While many people hardly ever visit bank branches, some people still prefer to bank face to face,” Beaumont said.
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