Banking industry contributes $1 million to Christchurch families’ fund
18/03/2019
The banking industry has today contributed $1 million to the Christchurch Foundation’s Our People, Our City Fund to meet the long and short term needs of the families most affected by Friday’s terror attacks. New Zealand Bankers’ Association chair David McLean said the industry shared the sense of shock of all New Zealanders and wants...
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Get password smart!
03/03/2019
Protect access to your banking by using strong, unique and secure passwords. That’s the New Zealand Bankers’ Association’s message in support of CERT NZ’s Get Password Smart campaign that kicks off today. “We all have a role to play in preventing financial crime by protecting unauthorised access to our bank accounts. Being smart about your...
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NZ Herald
The interview: Roger Beaumont – Banking’s new cheerleader says there is work to do
15/02/2019
“I think the real opportunity for the banking industry in NZ is to tell our story better because I think there is a really good story to tell.”
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TVNZ
Australian banks carry the blame for industry’s widespread greed-driven misconduct, royal commission finds
04/02/2019
“While the FMA and RBNZ review into banking conduct last year found no evidence of widespread misconduct, the industry believes that trust is central to customer relationships and welcomes any moves to improve this.”
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RNZ
Banks may become cautious lenders following report
04/02/2019
“We will also work closely with the government on the recently announced fast-tracking of regulation for further customer protection in the financial sector.”
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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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