Roger Beaumont, chief executive of the New Zealand Bankers Association, talks about the year past and what he hopes 2020 will have in store.
Month: December 2019
Consumers ‘data rights’ law to smash banks’ stranglehold
“Banks are at different development stages in this area. It’s important we get the foundations right to ensure good customer outcomes. That includes making sure customer data is kept secure and there’s clarity on liability in case of any breach.”
Discussion document: Climate-related financial disclosures
Ministry for the Environment and Ministry for Business, Innovation and Employment
Parent of New Zealand’s biggest bank confident of meeting higher capital requirements
“Today’s announcement provides our banks with certainty on the amount and type of capital they will need to hold in future, and brings an end to a robust consultation,” says New Zealand Bankers’ Association chief executive Roger Beaumont.
Banks need to raise $20 billion to meet tough new Reserve Bank requirements
Citing an economic review, NZBA has said lifting the capital requirements would have economic welfare costs of $1.8 billion a year and that it would disproportionately affect agricultural, small business lending, and savers.
Banks will have to hold more capital to ensure Kiwis’ cash is safe
Banks will have to hold more capital, possibly leading to a small rise in interest rates, the Reserve Bank has revealed.
Reserve Bank orders banks to increase capital by $20 billion
“It’ll be a matter of months rather weeks before the implications are made clear.”
Banking industry warning: ‘There will be an economic impact’
“Today’s announcement will have an economic impact and each bank will now consider the implications for their business and customers, and will be developing their own commercial response.”
Banking industry welcomes conclusion to RBNZ capital review process
The New Zealand Bankers’ Association today welcomed the conclusion of the Reserve Bank’s review of how much capital New Zealand’s banks should hold. “Today’s announcement provides our banks with certainty on the amount and type of capital they will need to hold in future, and brings an end to a robust consultation,” says New Zealand Bankers’… Read more »
Prime Minister Jacinda Ardern warns banks to be mindful about farm debt
New Zealand Bankers’ Association chief executive Roger Beaumont said banks worked closely with any agricultural customers who were experiencing financial issues.
Recent Comments