- “The good relationship between farmers and their banks is reflected in Federated Farmers’ banking satisfaction survey which consistently finds high levels of satisfaction among farmers,” she said. Banks are responsible lenders and constantly assess the risk on their books, she said.
- The New Zealand Bankers’ Association today welcomed American Express as its latest affiliate member. “We are delighted to have American Express join us as an affiliate member,” says New Zealand Bankers’ Association Chief Executive Karen Scott-Howman. “Affiliate members work closely with the banking sector. This affirms the commitment American Express, as a global financial services... Read more »
- She said the banks contributed around $6 to 7 billion to the New Zealand economy every year and employed more than 25,000 people. “They spend around $5 billion running their businesses here and pay around $2 billion in tax.”
- “What we had thought is that we’d actually covered it under our general principles of fair and reasonable treatment and also our privacy and security principle – it was absolutely always our intention to retain all of the material that had been in our previous code,” she said.
- NZ Bankers Association chief executive Karen Scott-Howman said she welcomed the arrival of the CCB. “Basically the branch license allows a lot more wholesale lending to take place,” she said.
- New Zealand Bankers’ Association chief executive Karen Scott-Howman said anti-money laundering laws were one of the main reasons that banks struggled with cryptocurrencies.
- “From the outset of the review we’ve said that nothing in the new code of banking practice is intended to reduce customers’ existing rights,” a spokesman said.
- Spokesman Philip van Dyk clarified on Friday that it had decided it only made sense to release them “once we’ve finalised the code and responded to submitters. That way it’s clear how we’ve responded to submissions in the revised code,” he said.
- “Adopting principles, rather than prescriptive rules, means banks will have to think carefully about how they’re meeting those customer commitments. That’s quite different from what’s required in Australia.”
- As we head into the summer holidays, the New Zealand Bankers’ Association is reminding people to watch out for financial crime. “Fraudsters love this time of year. They know we’re busy getting ready for the holidays and might let our guard down. This presents an opportunity for them to try to steal our money,” says... Read more »
