NZ Herald
Banks given grace period for new money laundering laws
31/10/2017
“We have no issues with the particular thresholds set by the Government. The main concern for the banking industry is being able to meet its obligations within statutory deadlines, in consultation with other parties.”
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Stuff.co.nz
NZ prepares to join the ‘open banking’ revolution
28/10/2017
“We are very open to have conversations, but so far there’s no regulator which has consulted publicly on it.” Scott-Howman stresses the importance of security of people’s financial data.
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Stuff.co.nz
Buyers caught out by home loans falling through
16/10/2017
“Banks are particularly interested in the borrower’s ability to repay the loan, and the security provided for the loan. People seeking home loans need to be up front with the bank about their personal circumstances, such as existing financial obligations and outgoings.”
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Interest.co.nz
FMA’s BKBM guidance hailed as ‘pragmatic, practical and sensible’ guidance that ‘stands out globally’
11/10/2017
“We’re particularly pleased that the FMA has confirmed there are no systemic conduct issues around the use of the benchmark. That provides an assurance that banks can use the rate with confidence,” Scott-Howman says.
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Interest.co.nz
NZBA opposes debt-to-income ratio macro-prudential tool and suggests a serviceability interest rate instead
29/08/2017
NZBA has come out against the Reserve Bank adding a debt-to-income ratio tool to its macro-prudential toolkit. But the bank lobby group has suggested a serviceability interest rate, or SIR, as a potential alternative.
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Interest.co.nz
Alex Sims on why the Government needs to get up with the play and start regulating cryptocurrencies
27/08/2017
The New Zealand Bankers’ Association has repeatedly denied claims its members apply “blanket de-risking” policies. Rather it says banks consider prospective clients’ risks on a case-by-case basis.
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NZ Herald
Hunt for Rawshark sees police rapped again for ‘unlawful’ search of banking records
27/08/2017
“They only provide information to the Police when they receive a production order that legally requires them to provide information or when the request complies with the Privacy Act.”
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Radio NZ
Legal action against Australian bank could affect NZ
12/08/2017
August 12, 2017 – Climate change is recognised as a potential financial risk by New Zealand banks and the NZBA is working with groups such as Deep South Challenge to get a greater understanding of the risks from climate change on investments, said chief executive Karen Scott-Howman.
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Stuff
How should your bank treat you?
17/07/2017
Customer trust and confidence in banks are essential to the industry’s ongoing success. For the last 25 years the Code of Banking Practice and the Banking Ombudsman have played a crucial role in improving customer outcomes by setting minimum industry standards and resolving customer issues. They have both helped build trust and confidence. Here’s to...
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Interest.co.nz
Gareth Vaughan questions whether banks are opportunistically trying it on in their response to the RBNZ’s review of their capital adequacy requirements
09/07/2017
The New Zealand Bankers’ Association has struck a surprisingly aggressive tone in its initial submission on the Reserve Bank’s review of banks’ capital adequacy requirements.
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