The Banking Association and the FSC said they were ready to work with whatever government was voted into power at the October general election. The Banking Association noted that the Government had already committed to reviewing the lending law changes National intended to repeal.
Month: August 2023
Tinder ‘swindler’ scam: Parliament briefing calls for banks’ processes to be strengthened
The committee also recommended the Government urge the New Zealand Banking Association to update its Code of Banking Practice to “offer further measures that help protect consumers from scams and fraudulent activity”.
Call Centre Olympics: Fair Go tests bank call centre response times
“Name to number matching is a complex issue, impacting customer privacy and account name practices,” said NZ Banking Association chief executive Roger Beaumont.
Big banks’ smalltown challengers find hope in profits inquiry
“Our banks are highly regulated, well capitalised, and profitable,” says Roger Beaumont. “That helps makes them resilient, and with recent overseas bank failures we’ve seen why that’s important.”
‘It’s going to be messy’: Banks underestimate threat of climate change
“Climate reporting entities’ ability to correctly assess the full future physical risk from climate change will improve as they both gain a better understanding of which global scenario/pathway that we are heading down and as they gain better modelling capability to understand the physical risks that climate change creates within each scenario,” he says.
Commerce Commission says which bank gets our savings and home loans could reveal whether there’s enough bank competition
Industry group, the New Zealand Banking Association, said the Commerce Commission’s preliminary issues paper was comprehensive and shows an understanding of key issues in personal banking.“In particular, the focus on the significant current regulatory requirements as well as those in train will provide important context to competition and barriers in the industry.”
Government set to gut loan affordability rules in CCCFA review to make sure people can borrow when they have good credit
Beaumont said the permanent emergency exemption was a pragmatic step forward to enable banks to support customers quickly in a time of emergency, which the industry had been requesting since well before Cyclone Gabrielle.
Discussion Document: Strengthening the Resilience of Aotearoa New Zealand’s Critical Infrastructure System
Department of the Prime Minister and Cabinet
Consultation: Climate-related disclosures timing challenge
Financial Markets Authority
Consultation: Proposed guidance and expectations for keeping proper climate-related disclosure records
Financial Markets Authority
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