Media Releases

Media Releases

Covered bonds law puts New Zealand on even footing

- The third reading of the Reserve Bank of New Zealand (Covered Bonds) Amendment Bill today has been welcomed by the New Zealand Bankers’ Association. The Bill establishes a legislative framework for issuing covered bonds and enhances the Reserve Bank’s supervision of covered bond programmes. “The new law brings us into line with other jurisdictions. This... Read more »
Media Releases

KiwiSaver fund finder welcomed

- The New Zealand Bankers’ Association has welcomed an independent tool to help people find a KiwiSaver fund that suits them best. KiwiSaver fund finder was launched today by the Commission for Financial Literacy and Retirement Income and is available on the Commission’s Sorted website. The interactive online tool, which has also been designed for mobile... Read more »
Media Releases

Money mule scam warning

- People should be wary of transferring money on behalf of people they don’t know. The warning was issued today by the New Zealand Bankers’ Association in response to a new banking scam. In the latest scam people are contacted by strangers, by email, telephone or through social media sites, claiming they have accidently paid funds... Read more »
Media Releases

Retirement income review provides practical way forward

- The New Zealand Bankers’ Association has today welcomed the Review of Retirement Income Policies discussion document released by the Commission for Financial Literacy and Retirement Income. “The discussion document contains several practical recommendations that, if implemented, will help New Zealanders better prepare for retirement. This is especially important as we face an ageing population that’s... Read more »
Media Releases

Land for more houses good for Auckland housing supply

- A joint government and Auckland Council move today to make land available for 6000 new affordable houses in ten more special housing areas has been welcomed today by the New Zealand Bankers’ Association as a positive step in addressing the housing supply issue in Auckland. “The big issue in the Auckland housing market is a... Read more »
Media Releases

Borrowers urged to talk to their bank as lending limits loom

- The New Zealand Bankers’ Association has urged prospective borrowers to talk to their bank as the Reserve Bank’s low equity lending restrictions come into force next week. Under the Reserve Bank’s new rules which take effect on October 1, banks must limit new residential mortgage lending with loan-to-value ratios (LVR) over 80% to no more... Read more »
Media Releases

Consumer credit law should be well-targeted and enforced

- The New Zealand Bankers’ Association today welcomed the first reading of the Credit Contracts and Financial Services Law Reform Bill, and cautioned further work was needed to meet the Bill’s aims. “Quality regulation is well-targeted and properly enforced. That’s the outcome we’re looking for here,” said New Zealand Bankers’ Association chief executive Kirk Hope. The... Read more »
Media Releases

Make a date with your money

- Make a date with your money 30.08.2013 The New Zealand Bankers’ Association is encouraging people to make a date with their money during Money Week, which runs from 1 to 7 September. “The idea is to set aside some time to take stock of your financial situation and make a plan for the future,” said... Read more »
Media Releases

Bankers’ Association welcomes positive moves on business regulation

- The New Zealand Bankers’ Association has congratulated the government on two positive moves in the area of business regulation. Today a unique New Zealand Business Number is being rolled out, and earlier this week the Financial Markets Conduct Act passed. “A single reference number for all New Zealand companies will help businesses easily identify themselves... Read more »
Media Releases

Banks will work hard to meet customer needs within new lending limits

- In response to the Reserve Bank imposing limits on higher loan-to-value ratio mortgage lending today, the New Zealand Bankers’ Association said banks would continue to work hard to meet their customers’ needs within the new restrictions. “People should be aware they may be declined loans because of the new restrictions imposed by the Reserve Bank.... Read more »