“Your bank will reimburse any losses for unauthorised electronic banking or card fraud if you took reasonable steps to protect your banking, and complied with your terms and conditions.”
Author: Philip vanDyk
Reserve Bank plans to crack down on bank boards
The New Zealand regulators have annual work programmes to improve the governance and operations of our banking environment. Banks here work regularly with them on these initiatives.
NZX Listing Rule Review – Consultation Paper and Exposure Draft
NZX
Privacy Bill
Justice Committee
NZ banks warn customers could have accounts frozen over foreign tax status
Banks need to ask certain customers to provide information about their tax status. If you’ve been contacted, it’s important that you respond to your bank, regardless of your tax status.
Federated Farmers’ member survey shows farmer satisfaction with banks holding at about 80% positive
“Banks work closely with their agri clients, through good times and bad. Keeping the lines of communication open is critical to the ongoing success of farmers and their banks.”
International requirements may freeze your bank account
New Zealand banks are reminding customers who have been asked about their foreign tax status that they need to respond to their bank as soon as possible. International regulations, reflected in New Zealand law, require New Zealand banks to undertake due diligence on the foreign tax status of their customers and provide relevant related information… Read more »
NZBA rolls out refreshed banking code
The New Zealand Bankers’ Association has announced the launch of a new edition of the Code of Banking Practice, aiming to give all customers a good banking experience.
Refreshed Banking Code sets out customer promises simply
The New Zealand Bankers’ Association (NZBA) has launched a new edition of the Code of Banking Practice aimed at giving all customers a good banking experience. It sets out clearly what you can expect from your bank, and comes into effect on 1 June 2018. New Zealand Bankers’ Association deputy chief executive Antony Buick-Constable says,… Read more »
Discussion paper: Disclosure requirements in the new financial advice regime
Ministry of Business, Innovation and Employment
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