- The New Zealand Bankers’ Association today welcomed the government’s response to the Productivity Commission’s recommendations to improve regulation in New Zealand. “We support any moves to improve the quality of regulation in New Zealand and it’s good to see the government acknowledging that more needs to be done in this area,” said New Zealand Bankers’... Read more »
- “Some people pay no interest on their credit cards, or they have a low interest credit card. Often they go for the higher interest product because of the loyalty offerings and because they pay the card in full before the interest free period ends.”
- Bankers’ Association chief executive Kirk Hope said retail banks were honouring pre-approvals to property investors made prior to 16 June, but all new applications were being approved on a case by case basis.
- A collector who will be sitting on capital gain, if he ever wanted to part with his beloved old school vinyl records, is Kirk Hope chief executive of the New Zealand Bankers’ Association.
- “This…does not provide the outcome that the Government is seeking, which is to ensure that the person is fully identified and verified,” Hope wrote. The banking industry is pushing for real estate agents and lawyers who have the relationships with property buyers should meet the obligation to verify their identity.
- Banks operate in a “very competitive” environment to attract and retain customers but this is balanced by the need to take compliance obligations seriously. “If they can continue to bank a customer within the bounds of their AML obligations, they will.”
- New Zealand Bankers’ Association chief executive Kirk Hope said racial stereotyping was not in the banks’ or their customers interests especially within such a competitive part of the banking sector.
- As part of Elder Abuse Awareness Week the New Zealand Bankers’ Association is encouraging people to look out for financial elder abuse. “Financial elder abuse is about the illegal or improper use of older people’s money, property and other assets. It’s particularly nasty because it preys on people’s trust, and often exploits family and other... Read more »
- Farmers facing tough times are being encouraged to talk to their bank early and often in an information resource launched today by the New Zealand Bankers’ Association at Fieldays. “We all know that the agri sector is hugely important to our economy. We also understand the volatility and complexity of the sector,” said New Zealand... Read more »
