“Adopting principles, rather than prescriptive rules, means banks will have to think carefully about how they’re meeting those customer commitments. That’s quite different from what’s required in Australia.”
Month: December 2017
Consultation: Exemption to enable personalised digital advice
Financial Markets Authority
Night Noodle Markets go cashless – but shoppers slow to catch on to new tech
“It’s still early days, and we’d expect to see this technology continue to evolve in line with greater demand from merchants and consumers.”
Bankers’ Association congratulates new Reserve Bank Governor
The New Zealand Bankers’ Association today congratulated Adrian Orr on his appointment as the next Governor of the Reserve Bank of New Zealand. “New Zealand is lucky that we have someone of the calibre of Mr Orr available and willing to do this job. He is extremely capable and at the same time grounded in… Read more »
Consultation Paper: Updated Corporate Governance Handbook
Financial Markets Authority
Farmer survey reports that only a small minority farmers feel that they have come under undue pressure from bankers over the past six months as rural sector heads into a drier-than-normal period
“It shows that banks are continuing to work closely with their agri clients. That’s not surprising given the high level of bank support for the agri sector.”
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