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.”
Read Article
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.
Read Article
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.
Read Article
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.
Read Article
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.
Read Article
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.
Read Article
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.
Read Article
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.”
Read Article
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.”
Read Article
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.”
Read Article
