“New Zealand’s regulatory environment is very different from that in Australia, and the Australian-owned banks operating in New Zealand are separately governed and regulated under New Zealand law.”
Month: March 2018
Consultation Paper – Review of the Capital Adequacy Framework for locally incorporated banks: calculation of risk weighted assets
Reserve Bank of New Zealand
Housing Minister Phil Twyford is anticipating a significant chunk of the Government’s KiwiBuild homes will be prefabricated
“The issue is that you can’t create a security interest in something you don’t own,” Scott-Howman says. In these cases, it’s difficult for banks to lend without security, or lend an amount greater than the value of the security.
Tap that: why we love contactless debit cards
“Whether or not retailers choose to pass those costs on to consumers is up to them. It’s inaccurate to say that all retailers raise their prices to cover those costs. Some may do so, while others may absorb it as a cost of doing business,” chief executive Karen Scott-Howman says. And she says in countries where… Read more »
Review of the Reserve Bank Act 1989: Scope of Phase 2
Treasury
Trusts Bill
Justice Committee
New Zealand prime minister Jacinda Ardern outplays Malcolm Turnbull
Karen Scott-Howman, chief executive of the New Zealand Bankers’ Association, says the banks in New Zealand are really concerned about the crisis management between Australia and New Zealand. This refers to the demand by the Reserve Bank of New Zealand that banks domiciled in New Zealand have separate computer back-up in place in case their… Read more »
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