Stuff
Portrait of the governor as a strongman: the complicated heroics of Adrian Orr
05/10/2019
Boyle, who reviewed the Reserve Bank’s December proposal and supporting literature and contributed to a report commissioned by the New Zealand Bankers’ Association, maintained that a full cost benefit analysis should have been done at the outset. Instead, the Reserve Bank has promised to produce one later this year.
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Stuff
Banking hubs: ‘A very small response to a major issue’
05/10/2019
The new hubs, which will open in Stoke, Martinborough, Opunake, and Twizel early next year, will feature “Smart ATM” machines, “a support person”, and online and technology support, according to the NZ Bankers’ Association.
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RNZ
Adrian Orr: The Reserve Bank governor taking on the Aussie banks
04/10/2019
Former head of the Treasury Graham Scott wrote the association’s submission on the Reserve Bank proposal. He says requiring banks to hold 16 percent capital will cost the economy about $1.8bn a year and could lead banks to pull money out of the country.
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NZ Herald
Experts have their say. Did Reserve Bank governor Adrian Orr get new bank rules right?
30/09/2019
“We differ on the costs of the proposal compared to the benefits. Our banks are already well-capitalised and strong by international comparisons,” said NZBA chief executive Roger Beaumont.
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Stuff
Experts reject claims bank capital proposals will be expensive for customers
30/09/2019
“The independent economic analysis we commissioned from Sapere in May, and led by former Treasury Secretary Dr Graham Scott, found that the Reserve Bank proposals will cost households, businesses and our economy around $1.8 billion a year.”
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Newshub
Farmers welcome regional banking hubs trial
30/09/2019
AM Show host Duncan Garner talks to NZBA CEO Roger Beaumont about the Banking Hubs pilot
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Otago Daily Times
Twizel part of trial for banking hubs
30/09/2019
New Zealand’s “big six” banks have welcomed a trial banking hub to provide banking services in communities which would otherwise go without.
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Banking Hub trial a new approach to regional banking
30/09/2019
A unique partnership of six New Zealand banks will trial a new approach to providing banking services in small regional communities. Banking Hubs will be trialled in four small towns for 12 months, with the first starting by early 2020. The hubs will feature a Smart ATM, support staff and online and technology support. During...
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TVNZ
Major NZ banks to trial regional hubs, as branches continue to close
29/09/2019
The hub trial will last up to 12 months beginning early next year, costing significantly less than a full branch, says the NZ Bankers Association.
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Newshub
Banks in New Zealand to trial ‘hubs’ in regions hit by lack of branches
29/09/2019
“I’d like to thank the banks and the Bankers’ Association for working with the Government on this initiative which will be implemented in early 2020.”
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