- The banks argue that they are already responsible lenders and that the law changes should be targeted at loan sharks and lower tier lenders rather than them.
- Drought-affected farmers should talk to their banks said the New Zealand Bankers’ Association in response to increasingly dry conditions in parts of Northland and Waikato. “We encourage any farmers facing hardship as a result of the lack of rain to contact their bank to discuss options for assistance and how they can work through these... Read more »
- The 25 basis points rise in the Official Cash Rate to 2.75% announced by the Reserve Bank of New Zealand today was widely expected said the New Zealand Bankers’ Association. “The OCR rise has been clearly signalled by the Reserve Bank Governor for some time, and comes as no surprise,” said New Zealand Bankers’ Association... Read more »
- 2014 is shaping up to be another busy year for banks. It will largely be about continuing innovation and meeting customer demands in a very competitive environment, and bedding in recent regulatory changes. 2014 is shaping up to be another busy year for banks. It will largely be about continuing innovation and meeting customer demands... Read more »
- Banking industry body the New Zealand Bankers’ Association said the union’s claims “undermine the great work that frontline staff do in engaging with customers”.
- New Zealand banks continue to be strong and stable according to KPMG’s Financial Institutions Performance Survey for the 2013 financial year. “Our banks are among the best funded and regulated in the world, and highly competitive. That’s good for New Zealand households, businesses and our economy,” said New Zealand Bankers’ Association chief executive Kirk Hope.... Read more »
- All regulation should achieve a clearly defined purpose without imposing unnecessary costs and unintended consequences on businesses and consumers. More than lip service is needed to make sure we get regulation right. In a country and economy the size of New Zealand we can’t afford to get it wrong. The last few years have been... Read more »
- “We strongly recommend against using public computers and public Wi-Fi for internet banking,” said Bankers’ Association regulatory director Karen Scott-Howman.
