Westpac to chair New Zealand Bankers’ Association
03/04/2017
Westpac chief executive David McLean has been elected chair of the New Zealand Bankers’ Association for 2017/18 and took on the role on 1 April. Kiwibank chief executive Paul Brock was elected deputy chair. David McLean says it’s a privilege to be elected chair and he is confident NZBA will continue to promote outcomes that...
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NZ Herald
Card skimming hits Rotorua locals
01/04/2017
New Zealand Bankers’ Association chief executive Karen Scott-Howman said people should always take care when entering PIN numbers at ATMs.
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NZ Herald
Police swoop on $10k bank account deals
24/03/2017
Karen Scott-Howman, chief executive of the Bankers’ Association, acknowledged the role banks play in fighting financial crime but said customer privacy and confidentiality was taken seriously.
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Interest.co.nz
FMA criticised for compromising quality by trying to increase the quantity of KiwiSaver advice on offer
07/03/2017
NZBA submits that the Guidance Note should retain its current level of flexibility in recognition of the fact that sales conversations can evolve differently. NZBA would not like to see further prescriptive steps or ‘checklists’ added as a result of consultation, which will not necessarily further the objective of providing simple or better advice to...
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NZ Herald
RBNZ announce review of bank capital requirements
07/03/2017
The review will cover the definition of capital, the measurement of risks that the banks face and the minimum capital requirements and buffer,” said Reserve Bank Deputy Governor Grant Spencer in a speech to the New Zealand Bankers’ Association in Auckland.
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NBR
Bankers Association says NZ can’t have one-size-fits-all on privacy cases
21/02/2017
Bank customers can be confident about the protection of their private financial information held by banks despite a decision saying Westpac got it wrong in relation to political activist Nicky Hager, says the New Zealand Bankers’ Association.
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Strong banking sector highly competitive – FIPS
16/02/2017
KPMG’s Financial Institutions Performance Survey for the 2016 financial year has found that the strength of the New Zealand banking sector continues to underpin its performance. “The strength of New Zealand’s banks continues to provide a solid platform for our economic growth. Our banks are well capitalised and regulated, and highly competitive. That means they’re...
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NBR
RBNZ to hold more talks over bank quarterly disclosure regime
14/02/2017
The banks, through their industry lobby the New Zealand Bankers’ Association, sought another round of consultation “to work out the detail of the disclosures required, in particular to ensure that the disclosures are comparable between banks with different structures, and to address any other issues that will likely arise.”
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Stuff.co.nz
Scammers almost swipe $12,000 from Motueka woman
11/02/2017
“Fraudsters are always looking for new ways to trick people into providing confidential information which allows them to access bank accounts.” NZBA advises people to never give out confidential information such as PIN numbers or bank account usernames.
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Phone scam targets elderly
03/02/2017
The New Zealand Bankers’ Association has issued a warning to beware fraudsters pretending to be utility companies and banks who are targeting elderly people. “Never give out bank account usernames, passwords, PINs or verification codes. While your bank may ask questions to confirm your identity, it will never ask for this confidential information. “If in...
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