NZBA
Insurers say no to database
07/07/2013
The Bankers’ Association is seeking to create a database of house insurance contracts to allow mortgage lenders to keep tabs on whether borrowers are keeping their homes adequately insured.
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Bank fee court case may bring out scammers
01/07/2013
The banking industry is warning customers to be alert to a phishing scam capitalising on publicity around the legal action on bank fees. A class action against banks in Australia has seen a large number of customers targeted by fraudsters claiming to be from their bank. Typically, fraudsters inform customers that for a small payment...
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New anti-money laundering regime now in force
30/06/2013
All New Zealand banks are now required to comply with the new anti-money laundering regime, which came into force on 30 June. Under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 all New Zealand banks have additional obligations to check customer identity and, in some cases, account activity. “The new regime applies to...
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NZ Herald
Close watch for house loan hints
27/06/2013
Hope said there was a risk that in capping the amount of lending done over the 80 per cent threshold it could spark third tier lenders to emerge and lend money on an unsecured basis.
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Get the banking products that suit you and avoid fees
17/06/2013
In response to legal action on bank fees announced today the New Zealand Bankers’ Association said it expected the case to be vigorously defended. “Fees of this nature are usually avoidable. Customers concerned about their fees should talk to their bank to make sure they have the accounts and products that suit their needs,” said...
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Beware scams that target seniors
16/06/2013
Be on guard against financial crime that targets seniors said the New Zealand Bankers’ Association today as Fraud Awareness Week 2013 was launched. “Banks take all fraud very seriously, and fraudsters who prey on vulnerable people are particularly concerning,” said New Zealand Bankers’ Association chief executive Kirk Hope. “Banks have systems to help detect and...
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Retirement Commissioner appointment welcomed
12/06/2013
The New Zealand Bankers’ Association today congratulated Diane Maxwell on her appointment as Retirement Commissioner. “We have been working closely with Diane in her interim capacity and are pleased to see her confirmed in the permanent role of Retirement Commissioner,” said New Zealand Bankers’ Association chief executive Kirk Hope. “Diane’s banking and regulatory background will...
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Sunday Star Times
Valiant effort a dire financial trap
09/06/2013
Kirk Hope was appointed the head of lobby group the Bankers’ Association last year, so you’d expect him to have a better grip on his finances than the average New Zealander.
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NZBA
New push for farm debt mediation
02/06/2013
“One relevant factor in this discussion is whether it’s justifiable for farms as businesses to be treated differently from other businesses that find themselves in financial difficulty. Any proposal for a special mediation service for farms would need to provide a good rationale for establishing a sector-specific service,” Kirk Hope said.
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NZ Herald
NZ banks spend $90m on ‘dirty money’ law
30/05/2013
New Zealand’s banking sector has spent roughly $90 million getting ready for a new anti-money laundering and terrorism financing law which kicks in at the end of next month.
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