Banks have streamlined the lending process for apartment owners struggling to get loans for leaky building repairs.
Month: September 2014
Statement of Investment Policy and Objectives and Limit Breaks Consultation Paper
Financial Markets Authority
Good management keeps banks strong
Banks are managing their businesses well and that helps support New Zealand’s economic growth said the New Zealand Bankers’ Association in response to KPMG’s Financial Institutions Performance Survey for the quarter to June 2014. The report showed a normalised increase in bank profits of 6.2 per cent for the quarter. “Profitability is an important part… Read more »
Automatic Exchange of Information Common Reporting Standard
Inland Revenue Department
NZ banks baulking at global FATCA style initiative to combat tax evasion; Lobby group says the later we adopt it the better
“We think the later the date the better. This will give the banking industry more time to adapt and draw on experience gained through FATCA,” says Hope.
Securitisation Exemption Regulations Consultation Document
Ministry of Business, Innovation and Employment
NZ best for setting up firms
New Zealand banks rated second most sound in the world, two years running.
House hunters risk financial ruin
New Zealand Bankers Association chief executive Kirk Hope said banks would consider a borrower’s servicing ability before agreeing to lend on a second home or offering bridging finance.
‘Concerning’ KiwiSaver bank tactics questioned
“Banks are all about continuous improvement and that’s one of the reasons why New Zealanders rate their own banks highly.”
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