Media

Here you’ll find our media releases and opinions about banking in New Zealand, along with our media appearances.

Media Appearances

Consumer NZ - Scams: Should your bank be liable for losses?

- NZBA chief executive Roger Beaumont believes that broadening the Code of Banking Practice to cover APP scams would mean “banks take on all or most of the risk of customer decisions, meaning customers have little incentive or responsibility to protect their money. This could lead to much greater fraud losses.”
Media Appearances

NZ Herald - Consumer NZ boss Jon Duffy wants New Zealand banks forced to refund Kiwi scam victims

- “To address this properly we need all parties involved including, for example, global tech companies, telcos, internet service providers, government agencies, dispute resolution services, and consumer representatives and advocates.” Matching accounts and names with the customer’s intended recipient had privacy implications that would need to be overcome, Beaumont said.
Opinions

Peak interest rates and the long road ahead

- Roger Beaumont Published in KPMG’s Financial Institutions Performance Survey March 2023 Quarterly Results With interest rates rising sharply to combat inflation and the cost of living, combined with severe flooding and cyclone damage in the North Island, the first half of 2023 has been eventful to say the least. While some commentators are saying the... Read more »