Interest.co.nz
FMA and RBNZ say ‘thorough’ review of responses from 11 banks to conduct and culture review will take several weeks
02/04/2019
All banks with sales incentives have committed to remove or address them for frontline salespeople and their managers, with some having already removed sales incentives.
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NZ Adviser
Banking industry contributes $1m to support Christchurch families
19/03/2019
New Zealand Bankers’ Association members have committed $1 million to the Our People, Our City Fund, which will meet the immediate and long term needs of the families most directly affected.
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NZ Herald
NZ banks donate $1m to families affected by ChCh shooting
18/03/2019
The New Zealand banking industry has donated $1 million to those affected by the 15 March shooting in Christchurch that claimed the lives of 50 people.
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NZ Herald
The interview: Roger Beaumont – Banking’s new cheerleader says there is work to do
15/02/2019
“I think the real opportunity for the banking industry in NZ is to tell our story better because I think there is a really good story to tell.”
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TVNZ
Australian banks carry the blame for industry’s widespread greed-driven misconduct, royal commission finds
04/02/2019
“While the FMA and RBNZ review into banking conduct last year found no evidence of widespread misconduct, the industry believes that trust is central to customer relationships and welcomes any moves to improve this.”
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RNZ
Banks may become cautious lenders following report
04/02/2019
“We will also work closely with the government on the recently announced fast-tracking of regulation for further customer protection in the financial sector.”
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Stuff.co.nz
Retired banker protests banks’ ‘stranglehold’ on lending
03/01/2019
Priority amounts are a dollar amount that mortgagees set in their mortgage terms and conditions, set by banks’ internal credit policies. The dollar amount reflects the maximum amount that the mortgagee can recover ahead of other mortgagees if there is a mortgagee sale.
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NZ Herald
Borrowing costs set to rise as banks face tougher rules if Reserve Bank proposal becomes reality
14/12/2018
Reserve Bank stress tests show banks can withstand a 40 per cent fall in house prices.
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Interest.co.nz
RBNZ proposes significant increase in bank capital requirements that will eat up 70% of the sector’s profits over 5 years
14/12/2018
Buffers ensure banks have sufficient capital to get through a serious economic downturn. However, too large a buffer limits banks’ ability to innovate and enhance customer outcomes.
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Stuff.co.nz
Banks asked to take on bigger share of market risk
14/12/2018
New Zealand Bankers’ Association acting chief executive Antony Buick-Constable said: “New Zealand’s banks are currently very well capitalised and among the most stable and secure in the world.”
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