Interest.co.nz
Govt promotes success of new anti-money laundering laws on world stage, while those at the coalface fork out to meet standards
13/05/2015
Banks consider how vulnerable money remitters are based on whether they are registered, accept cash deposits frequently or deposits with a high value, process transfers to or from high risk jurisdictions, aggregate bulk payments and thus remove the transparency on their clients, have little or no upper limits on the value or frequency of transactions,...
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NZ Lawyer Magazine
Major NZ firm third to join NZBA
11/05/2015
Chapman Tripp will join Russell McVeagh and Buddle Findlay as law firm affiliate members, NZBA chief executive Kirk Hope revealed last week.
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NBR
Why banks won’t pass on cost of new tax
08/05/2015
“New Zealand is an importer of capital – it’s not a new thing, we’ve always been like that and we will probably have to be for some time. So this is going to tax that more: it does mean extra costs. And any extra costs means, potentially, increased lending costs for businesses and consumers.”
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New Zealand Bankers’ Association boosted by two new affiliate members
03/05/2015
The New Zealand Bankers’ Association today announced that Chapman Tripp and Visa New Zealand have joined the Association as its latest affiliate members. “We are pleased both Chapman Tripp and Visa have decided to formalise their relationship with the Association and are delighted to welcome them as affiliate members,” said New Zealand Bankers’ Association Chief...
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Banking industry to work with LVR changes
02/05/2015
In response to the LVR changes announced today by the Reserve Bank, the New Zealand Bankers’ Association said that banks will work to meet the new obligations but warns that demand side initiatives are only one part of the solution. “We look forward to seeing more detail on the proposal and working with the Reserve...
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Stuff.co.nz
Muslim woman turns to financial institutions for Islam-friendly mortgages
30/04/2015
New Zealand Bankers’ Association boss Kirk Hope said Islamic mortgages were likely to be a niche product, and was not surprised banks had not yet taken an interest.
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3 News
Time to ask your bank for a better deal
24/04/2015
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3 News
Bankers: Big profits sign of good economy
10/04/2015
CEO of the New Zealand Bankers’ Association Kirk Hope says that profit was helped by an increase in lending and fewer bad loans.
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Stuff.co.nz
How much will you get if the bank reveals your secrets?
09/04/2015
Bankers’ Association chief Kirk Hope says there are few times when a bank can legally divulge your information: “You’ve got compulsion by law, a public duty to divulge the information, or where a bank has to disclose information to protect its own interests, for example in a court case. Or where the customer agrees to...
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Stuff.co.nz
Court overturns ANZ credit card fee ruling
08/04/2015
New Zealand Bankers’ Association chief executive Kirk Hope said: “The Australian courts have so far ruled that none of the fees targeted by the action are unreasonable. For bank customers these fees are also avoidable”.
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