The New Zealand Bankers’ Association and the Banking Ombudsman agree with the Reserve Bank that disclosure of banks’ breaches of their conditions of registration should be limited to “material” breaches only.
Month: May 2019
Treasury fears over farm debt bill
The industry supports a farm debt mediation to codify many of these processes and provide clarity and an alternative support option for farmers.
Governor Adrian Orr says RBNZ is ‘open minded’ about its proposals to increase bank capital
In response to Orr’s comments an NZBA spokesman said the lobby group’s submission did not suggest the government should pay out in the event of a bank failure.
Reform of the Overseas Investment Act 2005 – Facilitating productive investment that supports New Zealanders’ wellbeing
Treasury
RBNZ to use external experts and focus groups in next phases of the biggest review of NZ bank capital requirements ever undertaken
NZBA describes the Reserve Bank proposals as excessive and maintains they will cost “households, businesses and our economy” around $1.8 billion a yea
Reserve Bank plan ‘has significant negative consequences for our country’: banks
New Zealand’s banks are calling for the Reserve Bank to rethink its plan to require them to hold more capital to help withstand financial shocks, claiming it risks putting “a handbrake” on the economy.
PWC says NZ banks would effectively hold 27.1% equity if RBNZ proposals are adopted
New Zealand’s major banks are already well capitalised and “are at or above what APRA would consider to be ‘unquestionably strong’.
Bankers’ Assn says RBNZ bank capital proposals would hurt the economy
The Reserve Bank proposals are excessive and will cost households, businesses and our economy around $1.8 billion a year.
Banks urge Reserve Bank to reduce capital proposal
The Bankers’ Association is asking the Reserve Bank to soften its plan to make banks hold significantly more capital in reserve.
Reserve Bank should rethink capital proposals
The New Zealand Bankers’ Association has called on the Reserve Bank to reconsider its proposals to almost double capital requirements for New Zealand’s banks, and take into account an independent review by former Treasury Secretary Dr Graham Scott. “Independent analysis by former Treasury Secretary Dr Graham Scott shows the Reserve Bank should rethink its proposals to avoid putting a handbrake on our economy,” says New Zealand Bankers’ Association… Read more »
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