Hope said all of the products that were available in the past were still available. Asked how long cheques would still be around Hope said that was directly related to customer demand. “If there is demand for it they will still be available.”
Month: July 2015
Moves to lift quality of regulation welcomed
The New Zealand Bankers’ Association today welcomed the government’s response to the Productivity Commission’s recommendations to improve regulation in New Zealand. “We support any moves to improve the quality of regulation in New Zealand and it’s good to see the government acknowledging that more needs to be done in this area,” said New Zealand Bankers’… Read more »
Consultation on adjustments to restrictions on high-LVR residential mortgage lending – further proposal
Reserve Bank of New Zealand
Why credit card rates won’t be coming down
“Some people pay no interest on their credit cards, or they have a low interest credit card. Often they go for the higher interest product because of the loyalty offerings and because they pay the card in full before the interest free period ends.”
Issues Paper – Review of the Financial Advisers Act 2008 and the Financial Services Providers (Registration and Dispute Resolution) Act 2008
Ministry of Business, Innovation and Employment
Investors see impact of new loan rules
Bankers’ Association chief executive Kirk Hope said retail banks were honouring pre-approvals to property investors made prior to 16 June, but all new applications were being approved on a case by case basis.
Diana Clement: Pet investments put the ‘fun’ back into funds
A collector who will be sitting on capital gain, if he ever wanted to part with his beloved old school vinyl records, is Kirk Hope chief executive of the New Zealand Bankers’ Association.
Banks warn of loophole in Government plan to track foreign buyers
“This…does not provide the outcome that the Government is seeking, which is to ensure that the person is fully identified and verified,” Hope wrote. The banking industry is pushing for real estate agents and lawyers who have the relationships with property buyers should meet the obligation to verify their identity.
Consultation on adjustments to restrictions on high-LVR residential mortgage lending
Reserve Bank of New Zealand
Taxation (Land Information & Offshore Persons) Bill
Finance and Expenditure Committee
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