NZ Adviser
Farmer satisfaction with banks slips further
06/06/2019
New Zealand Bankers’ Association chief executive Roger Beaumont, who is pleased to see most farmers remain satisfied with their bank, said he expects RBNZ’s capital requirements proposal to a net cost to the New Zealand economy of $1.8 billion a year.
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Farmers less happy with banks and RBNZ capital requirements signaled as a factor
05/06/2019
Federated Farmers cited the NZ Bankers’ Association’s estimate that the Reserve Bank’s proposals would cost the economy $1.8 billion.
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Stuff
New Zealand’s banking sector inching close to warfare
05/06/2019
NZBA has denied suggesting that the government should ever bail out the banks, saying that instead an independent report merely speculated that in the event of a bank failure, a government would be reluctant to allow customers to take a haircut on their deposits.
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NZBA, Banking Ombudsman support RBNZ proposal on material breach reporting
31/05/2019
The New Zealand Bankers’ Association and the Banking Ombudsman agree with the Reserve Bank that disclosure of banks’ breaches of their conditions of registration should be limited to “material” breaches only.
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Newsroom
Treasury fears over farm debt bill
30/05/2019
The industry supports a farm debt mediation to codify many of these processes and provide clarity and an alternative support option for farmers.
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Interest.co.nz
Governor Adrian Orr says RBNZ is ‘open minded’ about its proposals to increase bank capital
29/05/2019
In response to Orr’s comments an NZBA spokesman said the lobby group’s submission did not suggest the government should pay out in the event of a bank failure.
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Interest.co.nz
RBNZ to use external experts and focus groups in next phases of the biggest review of NZ bank capital requirements ever undertaken
20/05/2019
NZBA describes the Reserve Bank proposals as excessive and maintains they will cost “households, businesses and our economy” around $1.8 billion a yea
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Stuff
Reserve Bank plan ‘has significant negative consequences for our country’: banks
20/05/2019
New Zealand’s banks are calling for the Reserve Bank to rethink its plan to require them to hold more capital to help withstand financial shocks, claiming it risks putting “a handbrake” on the economy.
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PWC says NZ banks would effectively hold 27.1% equity if RBNZ proposals are adopted
20/05/2019
New Zealand’s major banks are already well capitalised and “are at or above what APRA would consider to be ‘unquestionably strong’.
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Newsroom
Bankers’ Assn says RBNZ bank capital proposals would hurt the economy
20/05/2019
The Reserve Bank proposals are excessive and will cost households, businesses and our economy around $1.8 billion a year.
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