“The technology build and integration of the new service differs across banks, so it’s unsurprising that each bank’s testing and delivery phase looks slightly different,” said association chief executive Roger Beaumont.
Month: November 2024
Crisis Management under the Deposit Takers Act 2023 Issues Paper
Reserve Bank of New Zealand – Te Pūtea Matua
Consultation: Deposit Takers Non-Core Standards (Policy Proposals)
Reserve Bank of New Zealand – Te Pūtea Matua
KB Kookmin Bank, one of South Korea’s largest banks, pulls out of New Zealand market
According to Beaumont, two overseas banks have announced in the past 18 months that they are exiting the retail market, which is a setback for competition.
Wellington sees big jump in properties coming to market
New Zealand Banking Association chief executive Roger Beaumont said only 1.4% of home loan customers were behind on their repayments.
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