Media Appearances

Media Appearances

NZ Herald - Loan restrictions will do little to cool housing market, says bank boss

- New Zealand Bankers’ Association chief executive Kirk Hope said the new regulations would make borrowing more difficult for Auckland property investors. But they would have limited impact on prices. “The real issues driving housing affordability in Auckland are the lack of housing supply, and strong inward migration, not the availability of cheap credit.”
Media Appearances

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

- 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,... Read more »
Media Appearances

NBR - Why banks won’t pass on cost of new tax

- “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.”
Media Appearances

Stuff.co.nz - How much will you get if the bank reveals your secrets?

- 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... Read more »