NZBA has come out against the Reserve Bank adding a debt-to-income ratio tool to its macro-prudential toolkit. But the bank lobby group has suggested a serviceability interest rate, or SIR, as a potential alternative.
Month: August 2017
Alex Sims on why the Government needs to get up with the play and start regulating cryptocurrencies
The New Zealand Bankers’ Association has repeatedly denied claims its members apply “blanket de-risking” policies. Rather it says banks consider prospective clients’ risks on a case-by-case basis.
Hunt for Rawshark sees police rapped again for ‘unlawful’ search of banking records
“They only provide information to the Police when they receive a production order that legally requires them to provide information or when the request complies with the Privacy Act.”
Consultation Paper – Serviceability Restrictions as a Potential Macroprudential Tool in New Zealand
Reserve Bank of New Zealand
Consultation Document: A New Zealand Response to Foreign Margin Requirements for OTC Derivatives
Reserve Bank of New Zealand
Proposed ministerial class exemption for registered banks issuing debt securities
Ministry of Justice
Money Week: What does debt do for you?
Debt can finance personal, household and business needs and aspirations. That’s the New Zealand Bankers’ Association’s response to Money Week’s big question: what does debt do for you? “We often need to borrow money to buy our own home or get a business off the ground. That’s the kind of debt our banks are here to… Read more »
Legal action against Australian bank could affect NZ
August 12, 2017 – Climate change is recognised as a potential financial risk by New Zealand banks and the NZBA is working with groups such as Deep South Challenge to get a greater understanding of the risks from climate change on investments, said chief executive Karen Scott-Howman.
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