KPMG
Delivering in a crisis
22/02/2021
Our banks played a role as part of the ‘team of five million’ coordinated response. Working with the government, the Reserve Bank and credit reporting agencies, banks moved quickly to offer loan repayment deferrals and reduced loan repayments for customers financially affected by the pandemic. That provided immediate relief for many. Around $70 billion in...
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Stuff
Bank closure irks Waimate District councillors
28/01/2021
NZBA chief executive Roger Beaumont said the hub trials will run for 12 months and “Only then will we be able to assess if the communities where the trials are based found them useful, and whether they could form the basis of banking services in places where branches are no longer viable due to lack...
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Stuff
Provincial mayors call for rural bank branches to be made mandatory
23/01/2021
New Zealand Bankers’ Association chief executive Roger Beaumont said customers now preferred other ways of banking and the branches were no longer viable, “In some cases there may be fewer than 10 customers a day in these branches. That’s simply unsustainable.”
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Stuff
Banks are phasing out cheques too soon for rural communities
19/01/2021
Bankers’ Association chief executive Roger Beaumont said fewer than1 per cent of customers used cheques and the move to digital services was driven by customer preference.
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Stuff
Reserve Bank hack: Adrian Orr admits bank ‘fell short’
15/01/2021
Bankers’ Association chief executive Roger Beaumont said on Monday that it understood why the Reserve Bank had been unable to say much at that time.
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Stuff
Pity the term deposit-holders: How to navigate low interest rates
11/01/2021
Roger Beaumont, chief executive of the New Zealand Bankers’ Association, said it was an ongoing challenge and banks recognised it was tough for older customers in particular, who had larger amounts of money in the bank and depended on the income it earned, to subsidise their living costs.
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Stuff
Reserve Bank pulls down shutters in wake of cyber-attack
10/01/2021
Bankers’ Association chief executive Roger Beaumont said that “as it was a security issue we understand why the Reserve Bank cannot say much more at this stage”.
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NZ Herald
What will banking look like in 2021?
31/12/2020
Roger Beaumont, chief executive of the New Zealand Bankers Association, says the outbreak of Covid-19 has sped up trends in the banking industry that were already happening.
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Interest.co.nz
With a debt-to-income ratio tool back on the table, Gareth Vaughan looks at the political and other challenges the RBNZ needs to overcome to be granted the financial stability tool
14/12/2020
In its response to the 2017 consultation, bank lobby group the New Zealand Bankers’ Association argued the evidence linking high-DTI loans and default was weak, with job loss having the most significant impact on the likelihood of loan default. NZBA suggested a serviceability interest rate as a potential alternative.
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Stuff
Law firms next target of living wage push
14/12/2020
Banking became the first industry to become fully living wage accredited in July. Seventeen members of the New Zealand Bankers’ Association pledged to pay staff and contractors (including cleaners and security guards) at least a living wage. An estimated 1800 people received a pay rise as a result.
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