NBR
Business Banks grilled over branch closures
19/05/2021
Politicians from both sides of the House sought answers on how banks would protect the estimated 1% to 2% of customers who were likely to never access digital banking services. NZBA chief executive Roger Beaumont said phone banking was an “elegant solution” for customers in this situation, because most still had a landline.
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NZ Herald
Northland Mayor John Carter slams banks for ‘ignoring’ rural NZ
18/05/2021
“It’s great to have interest in our banking hubs trial from regions like the Far North. Banks are closing some branches because customers prefer more convenient ways of banking. Some branches get fewer than 10 customers a day.”
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RNZ
Demise of bank branch: Are regional banking hubs the future?
12/05/2021
Roger Beaumont talks to RNZ’s Kathryn Ryan about the regional Banking Hubs trial.
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Stuff
Bank term deposit rates are so low savers can’t be bothered putting savings in them
02/05/2021
“In short, money is relatively cheap at the moment. That’s driven by a number of things, including the all-time low official cash rate, set by the Reserve Bank, which is currently at 0.25 per cent. Other factors include the cost of overseas funding, and Reserve Bank initiatives to increase the supply of money.
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Newsroom
Banks want small-timers to pay higher levies to guarantee deposits
27/04/2021
“One issue that will need working through is how the levies to fund the scheme are applied to participating entities,” said Roger Beaumont, chief executive of the NZ Bankers’ Association. “We support a risk-based approach to setting levies where lower risk entities, such as banks, pay lower levies because they are less likely to call on...
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Regulation Asia
New Zealand to Introduce Deposit Guarantee Scheme by 2023
23/04/2021
Beaumont also said the deposit protection scheme needs to take into account the higher minimum capital requirements to be phased in for banks, which he says will come at a high cost and is intended to help banks withstand a one-in-200-year shock.
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Stuff
Deposits of up to $100,000 guaranteed under new scheme
22/04/2021
The Bankers’ Association supported a risk-based approach to setting levies, where lower risk entities such as banks would pay lower levies because they were less likely to call on the scheme, said chief executive Roger Beaumont.
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Interest.co.nz
Government takes feedback on board and doubles coverage of proposed deposit insurance scheme to $100k per depositor, per institution
22/04/2021
The New Zealand Bankers’ Association supports risk-based pricing. CEO Roger Beaumont hoped this would see banks pay lower levies.
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NBR
Guarantee scheme only covers 40% of deposits
22/04/2021
Another factor to take into account was higher minimum capital requirements to be phased in for banks, which came at a high cost and were intended to help banks withstand a one-in-200-year shock.
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RNZ
Bank insurance scheme to protect up to $100,000 of each depositor’s funds
22/04/2021
“We support a risk-based approach to setting levies where lower risk entities, such as banks, pay lower levies because they are less likely to call on the scheme.”
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