Bankers Association chief executive Kirk Hope said cheap foreign funds and intense competition are behind the mortgage war. Listen to full interview
Month: August 2014
NZBA says principles based Responsible Lending Code would facilitate innovation
The New Zealand Bankers’ Association (NZBA) says the Government’s Responsible Lending Code should not require lenders to make oral disclosures to their borrowing customers, nor “dictate” how they communicate with borrowers.
Consultation on Proposed Ministerial Exemption for Managing Intermediaries
Ministry of Justice
Responsible Lending Code Discussion Document
Ministry of Business, Innovation and Employment
Young men in the red – Trust
New Zealand Bankers’ Association chief executive Kirk Hope said the allegations were “surprising”. “The customer’s ability to service the loan is a key factor in any lending decision. It’s important that people are up front to the bank about their circumstances and their ability to repay the loan.” He said defaults on bank loans were “low”… Read more »
Financial Markets Conduct (Derivative Issuers) Regulations
Ministry of Business, Innovation and Employment
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