Interest.co.nz
Amanda Morrall looks at the principles of responsible lending and finds out how to shark proof your borrowing plan with high interest lenders
29/06/2012
n defence of lenders, Hope said it needs to be recognised by those critical of finance companies that the circumstances of borrowers (particularly those using credit facilities) can change from the time of the loan.
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Interest.co.nz
‘No wholesale move by banks to sell people out of their homes,’ bank lobby group says responding to Terralink pointing to ‘marked upturn’ in major banks forcing mortgagee sales
13/06/2012
Bank lobby group the New Zealand Bankers’ Association has hit back at suggestions from property information provider Terralink that mortgagee sales are rising because of a “marked upturn” in the major banks forcing them, saying the total number of mortgagee sales last year was less than 0.2% of the total number of mortgages and there’s...
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Stuff.co.nz
Banks cry foul over levy
07/06/2012
“The benefits to already responsible participants are not at all evident compared to the costs they are being asked to shoulder,” Hope said. While banks could pose a greater structural risk to the economy, Hope said the prudential risks of the sector were already being managed by the Reserve Bank. “At a structural level we’re talking about...
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NZ Herald
Banks pay big fees to fund FMA
07/06/2012
New Zealand Bankers’ Association chief executive Kirk Hope said it had no issue with an industry contribution to FMA costs but the levy was disproportionate to the benefits received.
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NZ Herald
Homeowners’ good news is savers’ loss
02/06/2012
While homeowners are jumping up and down with excitement over the low mortgage rates, savers aren’t having so much fun. “Balancing the needs and aspirations of borrowers and depositors, within the context of global uncertainty and a very competitive market, provides plenty of challenges for our banks,” Hope says.
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Interest.co.nz
HSBC and the Co-operative Bank both cut some advertised fixed-term mortgage rates and some term deposit rates
22/05/2012
Bank lobby group, the New Zealand Banker’s Association (NZBA), says cuts in fixed interest rates highlight the level of “intense competition” in the New Zealand banking sector.
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Interest.co.nz
RBNZ pushes out timeframes for the introduction of the Basel III capital reforms and its Open Bank Resolution policy
10/05/2012
Kirk Hope, CEO of bank lobby group the New Zealand Banker’s Association, said it was positive the timeframe for OBR’s implementation had been pushed back but it was still too tight.
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Interest.co.nz
Reserve Bank needs to promote banking competition after big 4 made more profit in 4yrs after crisis than before it, Green Party says
10/05/2012
New Zealand Bankers Association CEO Kirk Hope told interest.co.nz that there was a high level of competition between New Zealand banks. Banks in New Zealand also contributed around NZ$6 billion to the economy each year via their own operating expenses – mostly wages to over 25,000 employees – and taxes paid in New Zealand.
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Stuff.co.nz
US taxman’s long arm threatens costly Kiwi headaches
04/05/2012
New Zealand financial institutions are fighting a United States tax that threatens to saddle them with millions of dollars in regulation costs and could end up costing Kiwi consumers. Outright opposition was not an option because non-compliant institutions would be slapped with hefty withholding penalties. It was “a very likely outcome” that those increased regulatory costs...
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3 News
Anzac Day banking glitch to be investigated
25/04/2012
“Banks are certainly standing behind their customers,” says Kirk Hope of the New Zealand Bankers Association. “No customers will be adversely affected as a result of this payments issue.”
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