New Zealand banks had another solid and stable year according to according to KPMG’s Financial Institutions Performance Survey for the 2012 financial year. “The survey shows our banks are among the best funded and regulated in the world, and fiercely competitive. That’s good for New Zealanders and our economy,” said New Zealand Bankers’ Association chief… Read more »
Author: Philip vanDyk
Civil Pecuniary Penalties
Law Commission
Central bank boss hones new tools
You’d expect the banks to be worried at the prospect of having their business impinged on in such dramatic fashion. But Kirk Hope, chief executive of industry lobby group the New Zealand Bankers Association, is remarkably calm.
Review of the Thin Capitalisation Rules
Inland Revenue Department
Telephone scam alert
The New Zealand Bankers’ Association is urging the public to be on guard against a telephone scam. Scammers purporting to be from the New Zealand Bankers’ Association are phoning members of the public and saying they are investigating banks charging excessive fees and offering compensation to affected customers. They then ask people to provide their… Read more »
Financial Reporting Bill
Commerce Committee
Report finds banks performing well
Analysis released today shows New Zealand’s major banks continue to perform well in the face of increased operating costs and greater regulatory pressures. The findings were contained in PwC’s Banking Perspectives report of the five major banks’ banks’ results for the second half of their 2012 financial years. “The report shows our banks are among… Read more »
NZ’s anti-money laundering laws now in effect with banks expected to pry more into customer identity and account activity
New Zealand’s long awaited anti-money laundering laws are now in place, almost four years after Parliament passed the Anti-Money Laundering and Countering Financing of Terrorism Act.
Reserve Bank unnerved at continuing house price rises
Kirk Hope says there are a range of questions that need to be addressed in considering tools that restrict amounts that can be borrowed to buy houses.
Mortgagee sales continue to decline
Mortgagee sales continue to decline according to Terralink data for the September quarter released today. There were 516 mortgagee sales in the three months from July to September this year, down 15 per cent from the June quarter. Of the 1.4 million residential mortgages in New Zealand, there were 2265 mortgagee sales in 2011. Mortgagee… Read more »
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