Interest.co.nz
Parties behind ‘largest class action in NZ’s history’, taken against major banks, stand to pocket up to NZ$250 mln
11/03/2013
Responding to news of the launch of the “Fair Play on Fees” action, bank lobby group the New Zealand Bankers’ Association said talk of legal action failed to take into account differences between the New Zealand and Australian banking sectors.
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Talk of legal action jumps the gun
10/03/2013
Talk of legal action today relating to bank fees fails to take into account differences between the New Zealand and Australian banking sectors. “Australian legislation around civil suits is very different from what we have in New Zealand. We are surprised the lawyers running this don’t appear to know about these differences. We also note...
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NZ Herald
Sector weighs Reserve Bank lending tools
06/03/2013
Reading between the lines of what the Reserve Bank has said about the macroprudential tools it is working on, regulating loan-to-value ratios would not be its favoured option, believes the Bankers’ Association.
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Interest.co.nz
NZ Bankers’ Association wants more detail on RBNZ macro-prudential tools, raises issue of insurance in relation to LVR restrictions
06/03/2013
Is there a need for the Reserve Bank to even have the so-called macro-prudential tools it’s now publicly consulting on? This, says Kirk Hope, CEO of bank lobby group the New Zealand Bankers’ Association, is a good question.
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TVNZ
Profitable banks should be viewed as ‘Olympic medallists’
27/02/2013
In response to the report, New Zealand Bankers’ Association chief executive Kirk Hope said that local banks are “among the best funded and regulated in the world, and fiercely competitive. That’s good for New Zealanders and our economy,” said Hope.
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New Zealand banks strong, stable and safe
26/02/2013
New Zealand banks had another solid and stable year according to according to KPMG’s Financial Institutions Performance Survey for the 2012 financial year. “The survey shows our banks are among the best funded and regulated in the world, and fiercely competitive. That’s good for New Zealanders and our economy,” said New Zealand Bankers’ Association chief...
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Stuff.co.nz
Central bank boss hones new tools
22/02/2013
You’d expect the banks to be worried at the prospect of having their business impinged on in such dramatic fashion. But Kirk Hope, chief executive of industry lobby group the New Zealand Bankers Association, is remarkably calm.
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Telephone scam alert
12/02/2013
The New Zealand Bankers’ Association is urging the public to be on guard against a telephone scam. Scammers purporting to be from the New Zealand Bankers’ Association are phoning members of the public and saying they are investigating banks charging excessive fees and offering compensation to affected customers. They then ask people to provide their...
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Report finds banks performing well
31/01/2013
Analysis released today shows New Zealand’s major banks continue to perform well in the face of increased operating costs and greater regulatory pressures. The findings were contained in PwC’s Banking Perspectives report of the five major banks’ banks’ results for the second half of their 2012 financial years. “The report shows our banks are among...
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Interest.co.nz
NZ’s anti-money laundering laws now in effect with banks expected to pry more into customer identity and account activity
07/01/2013
New Zealand’s long awaited anti-money laundering laws are now in place, almost four years after Parliament passed the Anti-Money Laundering and Countering Financing of Terrorism Act.
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