Money Week: What does debt do for you?
13/08/2017
Debt can finance personal, household and business needs and aspirations. That’s the New Zealand Bankers’ Association’s response to Money Week’s big question: what does debt do for you? “We often need to borrow money to buy our own home or get a business off the ground. That’s the kind of debt our banks are here to...
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Radio NZ
Legal action against Australian bank could affect NZ
12/08/2017
August 12, 2017 – Climate change is recognised as a potential financial risk by New Zealand banks and the NZBA is working with groups such as Deep South Challenge to get a greater understanding of the risks from climate change on investments, said chief executive Karen Scott-Howman.
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Banking Ombudsman making banking better for 25 years
30/07/2017
The Banking Ombudsman Scheme has been providing a free and independent disputes resolution service for 25 years. That’s an important milestone for banks customers, and something worth celebrating, says the New Zealand Bankers’ Association. “The Banking Ombudsman has made an incredibly valuable contribution to banking in New Zealand since 1992,” says New Zealand Bankers’ Association...
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Stuff
How should your bank treat you?
17/07/2017
Customer trust and confidence in banks are essential to the industry’s ongoing success. For the last 25 years the Code of Banking Practice and the Banking Ombudsman have played a crucial role in improving customer outcomes by setting minimum industry standards and resolving customer issues. They have both helped build trust and confidence. Here’s to...
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Interest.co.nz
Gareth Vaughan questions whether banks are opportunistically trying it on in their response to the RBNZ’s review of their capital adequacy requirements
09/07/2017
The New Zealand Bankers’ Association has struck a surprisingly aggressive tone in its initial submission on the Reserve Bank’s review of banks’ capital adequacy requirements.
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Banks required to share customer information under new tax law
29/06/2017
New tax law that comes into force on 1 July will require banks to provide Inland Revenue with tax information for certain customers. The new law, aimed at reducing global tax evasion, means that banks and other financial institutions will need to identify accounts held by foreign tax residents. They will then have to report...
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Interest.co.nz
The banking industry is seeking the public’s views on its proposed new, dramatically thinned down, Code of Banking Practice.
21/06/2017
According to NZBA the existing Code is prescriptive and largely duplicates bank terms and conditions.
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Look out for financial elder abuse
14/06/2017
The New Zealand Bankers’ Association is encouraging people to look for the signs of financial elder abuse as part of Elder Abuse Awareness Week. “Financial elder abuse is the illegal or improper use of older people’s money, property and other assets. This kind of abuse is a very real risk for older New Zealanders. It’s...
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Code of Banking Practice Review: call for public submissions
13/06/2017
The New Zealand Bankers’ Association today called for public submissions on its review of the Code of Banking Practice. “We’re proposing a new-look, principles-based Code,” says New Zealand Bankers’ Association chief executive Karen Scott-Howman. “The current Code is quite prescriptive, and has largely come to duplicate bank terms and conditions. A principles-based approach is meant...
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Stuff.co.nz
Banks charge New Zealand customers more for home loans
09/06/2017
Given the number of factors involved, it’s not surprising there would be difference in retail interest rates in different countries.
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