Fraud Week: Take care online
16/05/2017
The recent global randsomware attack provides a grim reminder to protect yourself online, says the New Zealand Bankers’ Association in Fraud Week 2017. “The convenience of banking and shopping online means we sometimes forget that fraudsters are always looking for new ways to steal our money. The recent ransomware attacks around the world reminds us...
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Interest.co.nz
World’s second largest digital currency urges regulators to get banks to stop blanket de-risking
12/05/2017
The New Zealand Bankers’ Association chief executive Karen Scott-Howman says: “Under the law banks do not de-risk whole classes of customers. Instead, they apply their obligations under the AML/CFT regime on a case by case basis.
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TVNZ
Should an extra tax be slapped on banks in NZ?
10/05/2017
New Zealand banks operate in a different environment and the Australian levy won’t affect New Zealand customers.
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NZ Herald
Aussie banks take a big hit after new tax
10/05/2017
New Zealand banks operate in a different environment from those in Australia. Here we have strong and independent regulators, a very competitive banking sector and high levels of customer satisfaction.
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Wairarapa Times-Age
Another bank closes
10/05/2017
New Zealand Bankers’ Association chief executive Karen Scott-Howman said the way people banked had “changed hugely” in recent years. She said “only a fraction” of banking transactions were done in branches these days. “This means some branches no longer make commercial sense.”
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Privacy Week: How to keep your banking secure
09/05/2017
As part of Privacy Week the New Zealand Bankers’ Association is reminding people how to keep their banking safe from financial crime. “Banks take their customers’ privacy and confidentiality very seriously by protecting their systems and customer information. We all have a role to play in keeping our money safe from fraudsters,” says New Zealand...
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TVNZ
Reserve bank warns of potentially stressful impact of potential interest rate spikes
07/05/2017
Banks are responsible lenders and take into account a number of factors when making lending decisions. That includes testing affordability at higher interest rates and factoring in realistic essential expenditure.
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Newsroom
Heads in the sand, houses in the water
02/05/2017
Lending decisions on any property are made on a case by case basis. It’s quite possible that in time banks would require more equity or shorter term mortgages when considering lending on potentially affected coastal properties.
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NBR
NZ banks urged to shake up retail practices
27/04/2017
New Zealand banks, as well as their Bankers’ Association, say changes are already under way because of the Financial Advisers Act.
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NZ Herald
New Zealand housing market crash warning issued by international ratings agency Moody’s
12/04/2017
New Zealand Bankers’ Association chief executive Karen Scott-Howman said the Reserve Bank had “stress-tested” our banks and found them strong enough to withstand a severe downturn.
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