Bankers’ Association responds to regulators
02/05/2018
Last night the Bankers’ Association responded to calls from the Reserve Bank and the Financial Markets Authority (FMA) to provide them with evidence of how New Zealand’s banking culture and conduct is different from what has been revealed by the Australian Royal Commission into financial services industry misconduct. In a letter to the regulators, the...
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Stuff.co.nz
Australian advice scandals: Are we being ripped off, too?
23/04/2018
“Our customers can be assured no systemic issues have been identified to date and can have confidence in the New Zealand banking system overall. We fully support the ongoing efforts of our regulators to examine our conduct and call us to account.”
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NZ Herald
Australian banking scandal: New Zealand regulator in talks with financial firms
23/04/2018
New Zealand Bankers’ Association chief executive Karen Scott-Howman said New Zealand’s regulatory environment was very different from that in Australia. “The New Zealand financial services sector — banking, wealth management, superannuation, KiwiSaver and insurance — is well managed, well regulated and has high levels of customer trust and confidence.”
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TVNZ
Calls for NZ banks and financial institutions to be reviewed as scandal erupts in Australia
20/04/2018
“The Australian banking sector is not the same as the New Zealand banking sector.”
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Newsroom
Banks blacklist mobile shopping trucks
20/04/2018
The New Zealand Bankers’ Association said it strongly supported efforts to crack down on predatory lending, but could not force its members to boycott truck operators or pay day lenders.
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Interest.co.nz
Bank lobby voices concerns over bid to have a government-guaranteed, government-run KiwiSaver provider
19/04/2018
NZBA argues giving preferential treatment to ‘KiwiFund’ in the form of a government guarantee would “skew the competitive nature of the KiwiSaver market”.
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Stuff.co.nz
Bank steps in to refund elderly woman’s scalped ticket
05/04/2018
“If you haven’t used the site before, or aren’t sure they’re a reputable business, it pays to do some research,” Scott-Howman said. “Before purchasing anything online, make sure you’re dealing with a business you can trust.”
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Interest.co.nz
Judith Collins says the likely small size of the dwellings in the new Unitec development housing area will put pressure on borrowers
04/04/2018
New Zealand Bankers’ Association chief executive Karen Scott-Howman says size is among a number of factors that banks may take into account when looking at lending on apartments.
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NBR
Small builders under the pump from Aussie banks
03/04/2018
“There are a number of factors banks take into account when considering applications for development finance. Preference is given to established builders and developers with a relationship with a bank and sound credit record. Banks also consider the quality of the intended build and the range of pre-sales.”
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NZ Herald
What does the Royal Commission grilling of Australia’s big banks mean for New Zealand?
27/03/2018
“New Zealand’s regulatory environment is very different from that in Australia, and the Australian-owned banks operating in New Zealand are separately governed and regulated under New Zealand law.”
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