Author: Philip vanDyk

How to spot financial elder abuse

As part of Elder Abuse Awareness Week the New Zealand Bankers’ Association is encouraging people to look out for financial elder abuse. “Financial elder abuse is about the illegal or improper use of older people’s money, property and other assets. It’s particularly nasty because it preys on people’s trust, and often exploits family and other… Read more »

Supporting New Zealand’s farmers

Farmers facing tough times are being encouraged to talk to their bank early and often in an information resource launched today by the New Zealand Bankers’ Association at Fieldays. “We all know that the agri sector is hugely important to our economy. We also understand the volatility and complexity of the sector,” said New Zealand… Read more »

Budget 2015: Business leaders react

Bankers Association boss Kirk Hope said removing the kickstart was understandable from a cost perspective, but he called on the Government to commit to beefing up rules around enrolment.

Budget 2015 continues responsible economic direction

Budget 2015 continues the government’s responsible economic direction the New Zealand Bankers’ Association said today. “The Budget shows that the New Zealand economy remains on a sound track with a clear path to surplus forecast,” said New Zealand Bankers’ Association chief executive Kirk Hope. “Despite lower than forecast tax revenue, meaning that a surplus will… Read more »

Beware the risks of identity theft

New Zealand Bankers’ Association boss Kirk Hope said fraudsters were always looking for new ways to scam and steal people’s money.

Don’t get phished, vished or smished

The New Zealand Bankers’ Association is encouraging people to protect their personal information as Australasian Consumer Fraud Week kicks off today. “Fraudsters are always looking for new ways to scam us and steal our money. Scammers use a range of ways to trick people into handing over personal information, usually by phone or email. Once… Read more »

Loan restrictions will do little to cool housing market, says bank boss

New Zealand Bankers’ Association chief executive Kirk Hope said the new regulations would make borrowing more difficult for Auckland property investors. But they would have limited impact on prices. “The real issues driving housing affordability in Auckland are the lack of housing supply, and strong inward migration, not the availability of cheap credit.”

Govt promotes success of new anti-money laundering laws on world stage, while those at the coalface fork out to meet standards

Banks consider how vulnerable money remitters are based on whether they are registered, accept cash deposits frequently or deposits with a high value, process transfers to or from high risk jurisdictions, aggregate bulk payments and thus remove the transparency on their clients, have little or no upper limits on the value or frequency of transactions,… Read more »