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.
Read Article
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
Read Article
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.
Read Article
ShareChat
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’.
Read Article
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.
Read Article
RNZ
Banks urge Reserve Bank to reduce capital proposal
20/05/2019
The Bankers’ Association is asking the Reserve Bank to soften its plan to make banks hold significantly more capital in reserve.
Read Article
Reserve Bank should rethink capital proposals
19/05/2019
The New Zealand Bankers’ Association has called on the Reserve Bank to reconsider its proposals to almost double capital requirements for New Zealand’s banks, and take into account an independent review by former Treasury Secretary Dr Graham Scott. “Independent analysis by former Treasury Secretary Dr Graham Scott shows the Reserve Bank should rethink its proposals to avoid putting a handbrake on our economy,” says New Zealand Bankers’ Association...
Read Article
ShareChat
RBNZ’S poor policy process puts its credibility at risk: former official
15/05/2019
That analysis showed the New Zealand banks were carrying six percentage points higher capital at 16.3 percent that the stated average 10.3 percent level then.
Read Article
NZ Herald
Auckland woman has bank card cloned, $800 swiped
25/04/2019
Cover up when entering your PIN so you don’t reveal it to ‘shoulder surfers’ or hidden cameras. That’s how fraudsters who have your card details can access your bank accounts.
Read Article
Newstalk ZB
Fewer than half of Kiwi customers say banks can be trusted
24/04/2019
A Government review of the industry last year found no widespread issues. “On top of that, bankers have also removed or in the process of removing all sales incentives for their staff, and that will be in place later this year for all the major banks that took part in that review.”
Read Article
