The New Zealand Bankers Association says it’s not discrimination – but that banks need to ensure mortgages are sustainable and a recent law change means they need to be even more careful that they are lending responsibly.
Month: August 2016
NZBA warns against email whaling scams
The New Zealand Bankers’ Association (NZBA) warns that anyone can be the target of an email whaling scam. Following a fake email purportedly sent by NZBA’s chief executive to a colleague, it was thanks to training and attention to detail that the scammer was foiled. NZBA’s work includes educating consumers on fraud prevention, and believes… Read more »
Consultation paper: Reviews of the Financial Markets Authority funding, the Financial Markets Authority levy, the External Reporting Board levy and Companies Office fees
Ministry of Business, Innovation & Employment
Kiwis appear stuck with high credit card interest rates despite Aussie crack-down
“New Zealand banks operate in a different market and regulatory framework compared to their Australian counterparts. Any changes in New Zealand are more likely to be driven by customer demand.”
NZ banking sector earnings show big gain
“The net interest rate margin remains relatively flat and banks are really generating their profits off a reduction in expenses and also provisioning that is at historically low levels.”
Big banks escape penalties for breaching conditions of registration
“There are a range of mechanisms, both formal and informal, by which they ensure banks are behaving in way they should be.”
Consultation paper: Revised policy proposals for the review of the outsourcing policy for registered banks
Reserve Bank of New Zealand
Consultation paper: Adjustments to restrictions on high-LVR residential mortgage lending
Reserve Bank of New Zealand
Discussion Document: Making Tax Simpler – Investment Income Information
Inland Revenue Department
Review of the Default Option for Publication of Submissions
Reserve Bank of New Zealand
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