Month: August 2023

‘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.”