Stuff.co.nz
Retired banker protests banks’ ‘stranglehold’ on lending
03/01/2019
Priority amounts are a dollar amount that mortgagees set in their mortgage terms and conditions, set by banks’ internal credit policies. The dollar amount reflects the maximum amount that the mortgagee can recover ahead of other mortgagees if there is a mortgagee sale.
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New CEO appointed to New Zealand Bankers’ Association
16/12/2018
Roger Beaumont has today been named as Chief Executive of the New Zealand Bankers’ Association, the organisation that represents the New Zealand banking industry. NZBA Chair David McLean, CEO of Westpac, says they are delighted to have been able to appoint someone with such strong credentials in both the banking sector and stakeholder management area,...
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NZ Herald
Borrowing costs set to rise as banks face tougher rules if Reserve Bank proposal becomes reality
14/12/2018
Reserve Bank stress tests show banks can withstand a 40 per cent fall in house prices.
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Interest.co.nz
RBNZ proposes significant increase in bank capital requirements that will eat up 70% of the sector’s profits over 5 years
14/12/2018
Buffers ensure banks have sufficient capital to get through a serious economic downturn. However, too large a buffer limits banks’ ability to innovate and enhance customer outcomes.
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Stuff.co.nz
Banks asked to take on bigger share of market risk
14/12/2018
New Zealand Bankers’ Association acting chief executive Antony Buick-Constable said: “New Zealand’s banks are currently very well capitalised and among the most stable and secure in the world.”
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Stuff.co.nz
Spy agency’s ‘intrusive requests’ of banks didn’t sufficiently recognise Bill of Rights
14/12/2018
Banks take their obligations to maintain customer privacy and confidentiality very seriously. On rare occasions that needs to be balanced with national security requirements.
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Keep yourself and your money safe this festive season
12/12/2018
This festive season the New Zealand Bankers’ Association is reminding people to watch out for financial crime. “While many of us are rushing to get ready for Christmas, fraudsters are also busy trying to access our bank accounts. They’re always looking for opportunities to steal our money, especially when we let our guard down,” says...
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Newshub
Banking survey shows more farmers feel under financial pressure
12/12/2018
Our banks stand by their agri clients in good times and bad.That was particularly evident during the dairy downturn. It makes sense for farmers to have a look at their financial management in better times.
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Stuff.co.nz
566,378 customers impacted by bank errors, Financial Markets Authority reveals
09/12/2018
NZBA’s acting chief executive Antony Buick-Constable, said: “The report represents an opportunity for the New Zealand banking industry to retain the confidence of our customers and ensure a solid foundation for banking in future. We are ready to take that opportunity.
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Stuff.co.nz
Bosses making bank: Over-sized pay, or fair for a big job?
09/12/2018
“As with most businesses bank CEOs have levels of responsibility ordinary staff members wouldn’t have. In the New Zealand banking industry it includes responsibility for around 25,000 staff, over $13b in shareholders’ capital and over $300b in customer deposits.”
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