TVNZ
Aussie-owned banks in NZ being asked to prove they’re not ripping off Kiwi customers
02/05/2018
“I think our customers should be confident that there is a strong banking culture here. But I totally respect that people want to have evidence of that,” Ms Scott-Howman said.
Read Article
NZ Herald
Kiwi banks must show they are different to Aussie: Robertson
02/05/2018
“The major banks have already made changes to their remuneration policies to ensure retail staff no longer receive incentives based directly on sales performance, or are in the process of doing so,” she said.
Read Article
NBR
Bankers’ Association reassures regulators, promises change
02/05/2018
Ms Scott-Howman says there are ‘ cultural differences’ between the New Zealand Australian regulatory environments.
Read Article
NZ Herald
FMA to NZ banks: Show us you are not ripping off customers
02/05/2018
“We believe we have a strong banking culture in New Zealand. We fully accept we need to back up that position with proof, and we’re happy to work openly and constructively with our regulators to do that,” said association chief executive Karen Scott-Howman.
Read Article
RNZ
‘We operate in a way which complies’ – NZ bankers
02/05/2018
“In New Zealand we have very effective regulators, and they’ve asked banks to provide them evidence that there’s no problem and we’re very willing to do that,” Mr McLean said.
Read Article
Stuff.co.nz
Australian advice scandals: Are we being ripped off, too?
23/04/2018
“Our customers can be assured no systemic issues have been identified to date and can have confidence in the New Zealand banking system overall. We fully support the ongoing efforts of our regulators to examine our conduct and call us to account.”
Read Article
NZ Herald
Australian banking scandal: New Zealand regulator in talks with financial firms
23/04/2018
New Zealand Bankers’ Association chief executive Karen Scott-Howman said New Zealand’s regulatory environment was very different from that in Australia. “The New Zealand financial services sector — banking, wealth management, superannuation, KiwiSaver and insurance — is well managed, well regulated and has high levels of customer trust and confidence.”
Read Article
TVNZ
Calls for NZ banks and financial institutions to be reviewed as scandal erupts in Australia
20/04/2018
“The Australian banking sector is not the same as the New Zealand banking sector.”
Read Article
Newsroom
Banks blacklist mobile shopping trucks
20/04/2018
The New Zealand Bankers’ Association said it strongly supported efforts to crack down on predatory lending, but could not force its members to boycott truck operators or pay day lenders.
Read Article
Interest.co.nz
Bank lobby voices concerns over bid to have a government-guaranteed, government-run KiwiSaver provider
19/04/2018
NZBA argues giving preferential treatment to ‘KiwiFund’ in the form of a government guarantee would “skew the competitive nature of the KiwiSaver market”.
Read Article
