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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Survey finds NZ banks well placed for challenges ahead
24/04/2012
The New Zealand Bankers’ Association today welcomed KPMG’s annual Financial Institutions Performance Survey (FIPS). In its 25th year, the 2011 survey shows New Zealand has a strong, stable and highly competitive banking sector that continues to serve New Zealand businesses and consumers very well in a globally uncertain environment. “Our banks are well placed to...
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Stuff.co.nz
Loan shark regulators must be visible
13/04/2012
Loan shark regulators should open shops in at-risk areas to deter dodgy lending and give borrowers easier access to official help, says a banking leader. Bankers’ Association chief executive Kirk Hope said opening a shopfront would help regulators enforce the rules against predatory lenders in areas where they were concentrated.
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Interest.co.nz
New CEO of New Zealand Bankers’ Association Kirk Hope says key RBNZ regulatory moves lack policy justification
12/04/2012
The new chief executive of the New Zealand Bankers’ Association says banks need more policy detail and more justification from the Reserve Bank on its plans to implement new global capital adequacy requirements for local banks ahead of the timetable set by the international regulatory overseer.
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Regularly check your accounts says Bankers’ Association
10/04/2012
With heightened awareness around recent card fraud, the New Zealand Bankers’ Association has issued a reminder to check bank statements regularly. “We can all help in the fight against fraud by keeping an eye on our bank accounts. If you identify an unauthorised transaction, contact your bank immediately,” said New Zealand Bankers’ Association chief executive...
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Interest.co.nz
ANZ CEO David Hisco succeeds BNZ’s Andrew Thorburn as chairman of the New Zealand Bankers’ Association
04/04/2012
In its statement the New Zealand Bankers’ Association (NZBA) quoted Hisco as saying a strong and resilient banking sector was crucial for New Zealand.
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Banks critical to NZ’s economic recovery, says new Bankers’ Association Chair
04/04/2012
A strong and resilient banking sector will play a critical role in New Zealand’s ongoing economic recovery, said the new chairman of the New Zealand Bankers’ Association (NZBA), David Hisco. Mr Hisco, CEO of ANZ National, has been elected chair of the NZBA for 2012/13. Westpac New Zealand chief executive Peter Clare is the deputy...
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Draft loan shark law welcomed
02/04/2012
The New Zealand Bankers’ Association has welcomed the government’s release today of a draft bill targeted at loan sharks and fringe lenders. The draft bill, which will amend the Credit Contracts and Consumer Finance Act 2003, proposes introducing a duty for all lenders to practice responsible lending. The Ministry of Consumer Affairs has acknowledged banks...
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