The voice of the banking industry working to support a successful banking system that benefits New Zealand

Code of Banking Practice

The purpose of the Code is to record and communicate to the public the minimum standards of good banking practice that Members of the New Zealand Bankers' Association will observe to maintain good relationships and communication with customers.

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Priority Documents (Personal Property Securities Act 1999)

Member banks of the Association have agreed a number of standard form Deeds and Letters of Subordination and Priority that can be used where two, or three, lenders have competing interests in the one debtor's land or personal property.

Financial Literacy

Financial Literacy is the cornerstone of a healthy and vibrant economy. It was a key initiative arising out of the Job Summit held in Auckland in January 2009 and is strongly supported by the New Zealand banking sector.

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International Swaps and Derivatives Association (ISDA) Documents

NZBA Risk Management Documentation:
In April 2007, the NZBA adopted revised risk management documentation, updating its 2000 documents.

Banking security/fraud prevention

Cheque, internet, PIN/password protection and banking scams.

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Payments Information

In October 2010 NZBA transferred responsibility for New Zealand’s domestic payment standards and rules to Payments NZ.

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Code of Banking Practice

Priority Documents

Financial Literacy

ISDA Documents

Fraud prevention

Payments Information

Announcements

NZBA leadership change

After more than two years leading the New Zealand Bankers’ Association Sarah Mehrtens leaves her role at the helm of the NZBA.

Andrew Thorburn, BNZ Chief Executive and NZBA Chair said, “Sarah has achieved a lot during her time as NZBA Chief Executive. She has not only steered the industry through major regulatory reforms in the financial services sector, but has modernised the organisation.”

The full statement is available here.

Earthquake response / Red Zone offer

NZBA member banks have responded with donations to earthquake charities and by offering a range of assistance to affected customers. Details are available on bank websites.

Information for residents and their lawyers on the Government's Red Zone offer is available here.

An independent Red Zone financial decision guide is available here.

Media releases

New Zealand Bankers’ Association welcomes Co-operative Bank

01.02.2012

The Co-operative Bank has joined the New Zealand Bankers’ Association bringing the total number of member banks to 13.

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Opinions

Banking Banana Skins

02.02.2012

This week the Banking Banana Skins report was released. Produced by the London-based Centre for the Study of Financial Innovation in association with PricewaterhouseCoopers, it included the results of a global banking industry survey. The survey has run for 13 years and for the first time included a New Zealand supplement. 710 bankers, regulators and observers in 58 countries were polled in November and December 2011. New Zealand was well represented with 22 respondents.

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