Stuff.co.nz
Thousands of bach owners caught up in property investor crackdown
02/08/2015
“It’s a pretty competitive market; that’s one reason banks may choose not to pass on any additional capital costs to their customers,” he said. “They may of course choose to do that.”
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NZ Herald
Ombudsman warning: Bank tech leaving older people behind
31/07/2015
Hope said all of the products that were available in the past were still available. Asked how long cheques would still be around Hope said that was directly related to customer demand. “If there is demand for it they will still be available.”
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Moves to lift quality of regulation welcomed
27/07/2015
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’...
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NZ Herald
Why credit card rates won’t be coming down
23/07/2015
“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.”
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Radio NZ
Investors see impact of new loan rules
21/07/2015
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.
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NZ Herald
Diana Clement: Pet investments put the ‘fun’ back into funds
18/07/2015
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.
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Stuff.co.nz
Banks warn of loophole in Government plan to track foreign buyers
15/07/2015
“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.
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NBR
Anti-money laundering law ‘significant cost’ for banks
03/07/2015
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.”
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NZ Herald
Racial bias in mortgage lending exposed
18/06/2015
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.
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Interest.co.nz
Banks tight-lipped over talk of loosening lending requirements for apartment buyers as apartment living ‘loses its stigma’
16/06/2015
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