Roger Beaumont has today been named as Chief Executive of the New Zealand Bankers’ Association, the organisation that represents the New Zealand banking industry. NZBA Chair David McLean, CEO of Westpac, says they are delighted to have been able to appoint someone with such strong credentials in both the banking sector and stakeholder management area,… Read more »
Month: December 2018
Consultation Paper – Public and private reporting by banks of breaches of regulatory requirements, with consideration of materiality
Reserve Bank of New Zealand
Review of the Protected Disclosures Act 2000
State Services Commission
Borrowing costs set to rise as banks face tougher rules if Reserve Bank proposal becomes reality
Reserve Bank stress tests show banks can withstand a 40 per cent fall in house prices.
RBNZ proposes significant increase in bank capital requirements that will eat up 70% of the sector’s profits over 5 years
Buffers ensure banks have sufficient capital to get through a serious economic downturn. However, too large a buffer limits banks’ ability to innovate and enhance customer outcomes.
Banks asked to take on bigger share of market risk
New Zealand Bankers’ Association acting chief executive Antony Buick-Constable said: “New Zealand’s banks are currently very well capitalised and among the most stable and secure in the world.”
Spy agency’s ‘intrusive requests’ of banks didn’t sufficiently recognise Bill of Rights
Banks take their obligations to maintain customer privacy and confidentiality very seriously. On rare occasions that needs to be balanced with national security requirements.
Keep yourself and your money safe this festive season
This festive season the New Zealand Bankers’ Association is reminding people to watch out for financial crime. “While many of us are rushing to get ready for Christmas, fraudsters are also busy trying to access our bank accounts. They’re always looking for opportunities to steal our money, especially when we let our guard down,” says… Read more »
Banking survey shows more farmers feel under financial pressure
Our banks stand by their agri clients in good times and bad.That was particularly evident during the dairy downturn. It makes sense for farmers to have a look at their financial management in better times.
566,378 customers impacted by bank errors, Financial Markets Authority reveals
NZBA’s acting chief executive Antony Buick-Constable, said: “The report represents an opportunity for the New Zealand banking industry to retain the confidence of our customers and ensure a solid foundation for banking in future. We are ready to take that opportunity.
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