Debt can finance personal, household and business needs and aspirations. That’s the New Zealand Bankers’ Association’s response to Money Week’s big question: what does debt do for you? “We often need to borrow money to buy our own home or get a business off the ground. That’s the kind of debt our banks are here to… Read more »
Author: Philip vanDyk
Legal action against Australian bank could affect NZ
August 12, 2017 – Climate change is recognised as a potential financial risk by New Zealand banks and the NZBA is working with groups such as Deep South Challenge to get a greater understanding of the risks from climate change on investments, said chief executive Karen Scott-Howman.
Banking Ombudsman making banking better for 25 years
The Banking Ombudsman Scheme has been providing a free and independent disputes resolution service for 25 years. That’s an important milestone for banks customers, and something worth celebrating, says the New Zealand Bankers’ Association. “The Banking Ombudsman has made an incredibly valuable contribution to banking in New Zealand since 1992,” says New Zealand Bankers’ Association… Read more »
Consultation Paper: Proposed exemption to facilitate personalised roboadvice
Financial Markets Authority
How should your bank treat you?
Customer trust and confidence in banks are essential to the industry’s ongoing success. For the last 25 years the Code of Banking Practice and the Banking Ombudsman have played a crucial role in improving customer outcomes by setting minimum industry standards and resolving customer issues. They have both helped build trust and confidence. Here’s to… Read more »
Gareth Vaughan questions whether banks are opportunistically trying it on in their response to the RBNZ’s review of their capital adequacy requirements
The New Zealand Bankers’ Association has struck a surprisingly aggressive tone in its initial submission on the Reserve Bank’s review of banks’ capital adequacy requirements.
Taxation (Annual Rates 2017-18, Employment and Investment Income, and Remedial Matters) Bill
Finance and Expenditure Select Committee
Banks required to share customer information under new tax law
New tax law that comes into force on 1 July will require banks to provide Inland Revenue with tax information for certain customers. The new law, aimed at reducing global tax evasion, means that banks and other financial institutions will need to identify accounts held by foreign tax residents. They will then have to report… Read more »
Report No. 2: Voidable transactions, Ponzi schemes and other corporate insolvency matters
Ministry of Business, Innovation and Employment
The banking industry is seeking the public’s views on its proposed new, dramatically thinned down, Code of Banking Practice.
According to NZBA the existing Code is prescriptive and largely duplicates bank terms and conditions.
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