NZ Herald
Banking industry warning: ‘There will be an economic impact’
05/12/2019
“Today’s announcement will have an economic impact and each bank will now consider the implications for their business and customers, and will be developing their own commercial response.”
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Banking industry welcomes conclusion to RBNZ capital review process
04/12/2019
The New Zealand Bankers’ Association today welcomed the conclusion of the Reserve Bank’s review of how much capital New Zealand’s banks should hold. “Today’s announcement provides our banks with certainty on the amount and type of capital they will need to hold in future, and brings an end to a robust consultation,” says New Zealand Bankers’...
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Stuff
Prime Minister Jacinda Ardern warns banks to be mindful about farm debt
04/12/2019
New Zealand Bankers’ Association chief executive Roger Beaumont said banks worked closely with any agricultural customers who were experiencing financial issues.
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Interest.co.nz
Gareth Vaughan details six key changes proposed by the RBNZ in its bank capital review
03/12/2019
A report commissioned by bank lobby group the New Zealand Bankers’ Association, heavy on criticism of the capital proposals, argued the potential benefits of appealing prudential regulatory decisions on their merits are large.
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TVNZ
One in four farmers feel under pressure from banks to reduce debt, survey finds
29/11/2019
The Bankers Association says lenders work closely with farmers and it points to the low number of mortgagee farm sales – fewer than 10 a year out of 52,000 farms across the country.
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RNZ
The Banks, the Swaps and the Suicide Box
14/11/2019
They also issued a statement, saying that bank conduct had improved over the last 10 years, with an increased focus on customer outcomes.
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Interest.co.nz
The Reserve Bank will release the final decisions in its biggest ever review of banks’ regulatory capital requirements on Thursday, December 5
10/11/2019
In a submission, the NZ Bankers’ Association (NZBA) said it agrees and supports the objective of maintaining a sound banking system and guarding against banking crises, but argues that NZ’s major banks are already well capitalised.
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Stuff
Making bank: Big four banks cashing in on New Zealanders
31/10/2019
“Our banks are profitable because they’re very efficient compared to similar banks around the world. They manage their costs very well. Another factor is that they did relatively well through the global financial crisis. None failed or were bailed out by the government, unlike in Europe and the US where they recovered their profitability more...
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Stuff
Global report suggests third of banks vulnerable to downturn
25/10/2019
Roger Beaumont said New Zealand banks were strong. “There’s a couple of reasons for that. They are well capitalised and they’re very good at managing their costs, which makes them very efficient and helps explain their returns on equity.”
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Stuff
Here’s why retailers are reluctant to let you pay with Paywave
09/10/2019
New Zealand Bankers’ Association chief executive Roger Beaumont said it was important to compare like-for-like. “Eftpos remains an important part of card payments in New Zealand. It’s free for merchants and that impacts the overall cost to merchants for payments.”
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