Interest.co.nz
NZBA opposes debt-to-income ratio macro-prudential tool and suggests a serviceability interest rate instead
29/08/2017
NZBA has come out against the Reserve Bank adding a debt-to-income ratio tool to its macro-prudential toolkit. But the bank lobby group has suggested a serviceability interest rate, or SIR, as a potential alternative.
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Interest.co.nz
Alex Sims on why the Government needs to get up with the play and start regulating cryptocurrencies
27/08/2017
The New Zealand Bankers’ Association has repeatedly denied claims its members apply “blanket de-risking” policies. Rather it says banks consider prospective clients’ risks on a case-by-case basis.
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NZ Herald
Hunt for Rawshark sees police rapped again for ‘unlawful’ search of banking records
27/08/2017
“They only provide information to the Police when they receive a production order that legally requires them to provide information or when the request complies with the Privacy Act.”
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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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