Anyone who asks for your Pin number, even if they say they’re from your bank or a retailer you know, will in all likelihood be trying to scam you.
Month: May 2014
Loan shark law welcomed
The New Zealand Bankers’ Association has welcomed the third reading of the Credit Contracts and Financial Services Law Reform Bill in Parliament last night. The law change aims to crack down on loan sharks and requires lenders to act with skill, care and diligence in all dealings with a borrower throughout the life of a… Read more »
A cautionary tale of internet banking
Karen Scott-Howman of the Bankers’ Association says people do authorise payments in error, but what happned here is rare.
US tax law to take effect in New Zealand
New Zealand banks are moving to implement their obligations under the United States Foreign Account Tax Compliance Act (FATCA). The US law aims to reduce tax evasion by US persons using financial accounts outside the United States of America. It does so by requiring participating financial institutions around the world, including New Zealand banks, to… Read more »
Budget 2014: Sound economic management pays dividends
The government’s sound economic management has begun to pay dividends said the New Zealand Bankers’ Association today in response to Budget 2014. “The Budget shows that the New Zealand economy is on the right track with a return to a small surplus in 2014/15 and then with surpluses forecast to increase moderately in future years,”… Read more »
Reserve Bank finds banks in good shape
The Reserve Bank of New Zealand’s Financial Stability Report released today has found that the financial system remains sound and is well placed to support economic expansion. “The New Zealand banking industry is in good shape, remains strong, and is well capitalised and regulated,” said New Zealand Bankers’ Association chief executive Kirk Hope. “Recently reported… Read more »
Regulatory Institutions and Practices Draft Report
Productivity Commission
Banks supporting economic growth
KPMG’s Financial Institutions Performance Survey analysis for the quarter to December 2013 released today has found that New Zealand’s economic development and the banking industry’s strength go hand-in-hand. “Our strong and stable banking system provides a great platform for economic growth. That growth is possible because banks are providing funding to businesses across a range… Read more »
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