- The New Zealand Bankers’ Association today encouraged people to be wary of online banking scams as part of Fraud Awareness Week 2014. “Online scammers are constantly thinking up new ways to trick people into handing over personal information,” said New Zealand Bankers’ Association chief executive Kirk Hope. “Never give anyone your PIN or internet banking... Read more »
- The New Zealand Bankers’ Association has welcomed the third reading of the Credit Contracts and Financial Services Law Reform Bill in Parliament last night. The law change aims to crack down on loan sharks and requires lenders to act with skill, care and diligence in all dealings with a borrower throughout the life of a... Read more »
- New Zealand banks are moving to implement their obligations under the United States Foreign Account Tax Compliance Act (FATCA). The US law aims to reduce tax evasion by US persons using financial accounts outside the United States of America. It does so by requiring participating financial institutions around the world, including New Zealand banks, to... Read more »
- The government’s sound economic management has begun to pay dividends said the New Zealand Bankers’ Association today in response to Budget 2014. “The Budget shows that the New Zealand economy is on the right track with a return to a small surplus in 2014/15 and then with surpluses forecast to increase moderately in future years,”... Read more »
- The Reserve Bank of New Zealand’s Financial Stability Report released today has found that the financial system remains sound and is well placed to support economic expansion. “The New Zealand banking industry is in good shape, remains strong, and is well capitalised and regulated,” said New Zealand Bankers’ Association chief executive Kirk Hope. “Recently reported... Read more »
- KPMG’s Financial Institutions Performance Survey analysis for the quarter to December 2013 released today has found that New Zealand’s economic development and the banking industry’s strength go hand-in-hand. “Our strong and stable banking system provides a great platform for economic growth. That growth is possible because banks are providing funding to businesses across a range... Read more »
- The Bankers’ Association chief executive Kirk Hope said New Zealand banks have no choice but to comply with the US law, but take confidentiality of client’s information very seriously.
- New Zealand Bankers’ Association chief executive Kirk Hope said it was impossible for New Zealand companies to comply with Fatca without the agreement, because under current law they aren’t allowed to provide information to overseas tax departments.
