Media Releases

Media Releases

NZBA welcomes MBIE’s recommended changes to FAA and FSPA

- The New Zealand Bankers’ Association (NZBA) today welcomed the Ministry of Business, Innovation and Employment’s (MBIE) recommendations to the Minister of Commerce and Consumer Affairs on changes to the Financial Advisers Act 2008 (FAA) and Financial Services Providers Act 2008 (FSPA). “Banks support good quality regulation that improves consumer understanding of financial advice and the... Read more »
Media Releases

Minter Ellison Rudd Watts welcomed as New Zealand Bankers’ Association affiliate member

- The New Zealand Bankers’ Association today welcomed law firm Minter Ellison Rudd Watts as its latest affiliate member. “We are delighted to have Minter Ellison Rudd Watts, one of New Zealand’s premier and most established law firms, join us as an affiliate member,” said New Zealand Bankers’ Association Chief Executive Karen Scott-Howman. “Affiliate members provide... Read more »
Media Releases

Banks remain stable against Brexit uncertainty

- New Zealand’s stable and robust banking system stands strong against the uncertain implications of Brexit, says the New Zealand Bankers’ Association (NZBA). “New Zealand’s banks are strong, well-funded and well regulated, and this stability positions them well in an environment of global uncertainty,” said New Zealand Bankers’ Association chief executive Karen Scott-Howman. “Since the Global... Read more »
Media Releases

NZBA supports considered approach to inquiry recommendations

- The New Zealand Bankers’ Association (NZBA) supports the Government’s announcement today that it will take a considered approach to implementing recommendations on anti money laundering legislation, which were highlighted in its Inquiry into Foreign Trust Disclosure Rules. “Banks already play their part in complying with domestic and international legislative requirements, and can attest that a... Read more »
Media Releases

Protecting your banking information – Privacy Week

- It’s Privacy Week (9-15 May), and the New Zealand Bankers’ Association (NZBA) says that the broader theme “Privacy – in your hands” is a timely reminder that while banks work hard to protect our ban ing information, we all need to take steps to help ensure our personal information is safe and secure. The Privacy... Read more »
Media Releases

Banks stay strong despite global economic uncertainty

- KPMG’s Financial Institutions Performance Survey (for the quarter to December 2015) released today has found that New Zealand’s banks remain resilient and that the local economy continues to be buoyant, despite uncertainty in the global economic environment. The New Zealand Bankers’ Association (NZBA) says that banks continue to manage their businesses well, and that helps... Read more »
Media Releases

ANZ to chair New Zealand Bankers’ Association

- ANZ Bank New Zealand CEO David Hisco has been elected chair of the New Zealand Bankers’ Association (NZBA) for 2016/17. Westpac New Zealand CEO David McLean was also elected deputy chair. Mr Hisco takes over the position from Bank of New Zealand CEO Anthony Healy, who was chair during the 2015/16 financial year. NZBA’s acting... Read more »
Media Releases

Banking system remains resilient against dairy sector challenges

- The Reserve Bank of New Zealand’s (RBNZ) ‘Summary of the dairy portfolio stress testing exercise’ released today has found that the scenarios tested were manageable for banks, and stated our banking system is robust. It showed that New Zealand’s five largest rural lender banks are well placed to continue supporting farming customers through current challenges,... Read more »
Media Releases

Banking sector remains strong – FIPS

- KPMG’s Financial Institutions Performance Survey for the 2015 financial year has found that New Zealand’s competitive banking sector stands as one of the strongest in the world. “New Zealand’s banks have remained stable and self-sufficient against the stresses of fluctuations in the global environment,” said Antony Buick-Constable, acting chief executive of the New Zealand Bankers’... Read more »