Newsroom
Armoured van monopoly is no Hollywood heist
13/11/2025
“We are disappointed in the Commerce Commission’s ‘finely balanced’ decision to not grant interim authorisation for banks and other cash-in-transit customers to collectively negotiate with Armourguard. Armourguard, owned by New York private equity firm Evergreen, is the monopoly provider of comprehensive cash-in-transit services.”
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NBR
ComCom declines banks’ request for ruling on Armourguard services
13/11/2025
“To have cash-in-transit services that New Zealanders can rely on, we need to make sure prices are transparent and that the service is efficient. Armourguard’s proposal does not achieve this.”
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Business Desk
Kiwibank pushes back on RBNZ’s proposed new risk weightings
30/10/2025
NZBA supported its proposals to further increase RBNZ’s proposals and bring SRW granularity into alignment with APRA.
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Stuff
Grieving parents say banks must block alcohol purchases by under 18s
26/10/2025
The couple have begun meeting with banks, MPs, and are preparing for a meeting with Roger Beaumont, chief executive of the Banking Association, the political lobbying body for the banking industry.
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NZ Adviser
NZBA welcomes fix to consumer lending law anomaly
21/10/2025
The New Zealand Banking Association has welcomed the government’s move to fix an inconsistency in the Credit Contracts and Consumer Finance Act, ensuring disclosure errors are treated consistently whether they occurred before or after 2019.
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Business Desk
ANZ NZ bound for court as select committee carves out active litigation
21/10/2025
“We are disappointed that the government has decided to exclude the ongoing court cases. The principle of a just and equitable approach should be confirmed to apply to all. Government officials recommended that existing cases be included in the law change, and the government previously accepted that advice.”
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NZBA welcomes consumer lending law fix
20/10/2025
The New Zealand Banking Association today welcomed the government’s decision to accept the Finance and Expenditure Committee’s recommendation to fix an anomaly in the Credit Contracts and Consumer Finance Act. This will confirm disclosure errors for loans will be treated in the same way whether they occurred before or after 2019. New Zealand Banking Association...
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Business Desk
Open banking’s red tape may stifle lenders’ innovation: fintechs
17/10/2025
“Banks have invested heavily in the development of APIs to make open banking a reality,” he said, noting the regulations had landed just six weeks before Dec 1.”
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Newsroom
Reserve Bank throws weight behind Armourguard in row over banks superdeal
16/10/2025
In its application, the banking association says Armourguard had begun exercising “behaviour that would not be expected in a workably competitive market”.
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NZ Adviser
First-home buyers drive mortgage growth as bank lending stays steady – NZBA
15/10/2025
The NZBA report found 40% of home loan customers are making more than their minimum repayments, while only 1.5% are behind on payments.
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