The New Zealand Bankers' Association (the ‘Association’), established in 1891, is a forum for member banks to work together on a co-operative basis.
It is a non-profit unincorporated Association funded by member banks through subscriptions.
Membership of the Association is open to any bank registered under the Reserve Bank of New Zealand Act 1989.
Currently nine registered banks are members of the Association.
The governing body of the Association is the Council, comprising the Chief Executive of each member bank.
Member banks undertake the bulk of the Association’s work through committees supported by a small professional and administrative team in Wellington.
What does the Association do?
It provides those services to members which may be most effectively undertaken on an industry basis.
These services include:-
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Development of co-operative inter-bank procedures and standards for retail payment methods such as direct debits and automatic payments.
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Development of collective priority documents for securities over real and personal property (Public Information).
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Collective submissions on public policy and regulation which affect banks, in relation to, for example, taxation, consumer credit, privacy, terrorism and money laundering.
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Provision of payment statistics from data supplied by members.
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For further information on the Association please Contact Us
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