Newsroom
Bankers’ Assn says RBNZ bank capital proposals would hurt the economy
20/05/2019
The Reserve Bank proposals are excessive and will cost households, businesses and our economy around $1.8 billion a year.
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RNZ
Banks urge Reserve Bank to reduce capital proposal
20/05/2019
The Bankers’ Association is asking the Reserve Bank to soften its plan to make banks hold significantly more capital in reserve.
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ShareChat
RBNZ’S poor policy process puts its credibility at risk: former official
15/05/2019
That analysis showed the New Zealand banks were carrying six percentage points higher capital at 16.3 percent that the stated average 10.3 percent level then.
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NZ Herald
Auckland woman has bank card cloned, $800 swiped
25/04/2019
Cover up when entering your PIN so you don’t reveal it to ‘shoulder surfers’ or hidden cameras. That’s how fraudsters who have your card details can access your bank accounts.
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Newstalk ZB
Fewer than half of Kiwi customers say banks can be trusted
24/04/2019
A Government review of the industry last year found no widespread issues. “On top of that, bankers have also removed or in the process of removing all sales incentives for their staff, and that will be in place later this year for all the major banks that took part in that review.”
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Stuff
Banks pressure people into products they don’t want: Consumer NZ
24/04/2019
Chief executive Roger Beaumont said banks would often suggest different products to customers to meet changing needs.
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Stuff
New Zealand banks make more money than global peers
18/04/2019
NZBA chief executive Roger Beaumont said there was a competitive environment in New Zealand. “We have a choice of 14 retail brands to bank with.”
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Newsroom
RBNZ shouldn’t protect consumers, former governors say
16/04/2019
Giving the RBNZ additional policy objectives which are similar to those of other agencies may complicate the regulatory landscape and result in overlap with the objectives of other regulators.
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Stuff
Help, how can I tell if I’m being ripped off?
05/04/2019
If you suspect an invoice scam you should phone or visit the merchant or service provider to confirm the payment details are right and that you are paying the person you think they are.
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NZ Adviser
Banks submit conduct and culture review responses to regulators
02/04/2019
The individual work plans for each bank have all been signed off at the highest level. That means there is buy-in from the very top of these financial institutions to make sure they’re meeting regulator and public expectations.
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