The recent global randsomware attack provides a grim reminder to protect yourself online, says the New Zealand Bankers’ Association in Fraud Week 2017. “The convenience of banking and shopping online means we sometimes forget that fraudsters are always looking for new ways to steal our money. The recent ransomware attacks around the world reminds us… Read more »
Author: Philip vanDyk
World’s second largest digital currency urges regulators to get banks to stop blanket de-risking
The New Zealand Bankers’ Association chief executive Karen Scott-Howman says: “Under the law banks do not de-risk whole classes of customers. Instead, they apply their obligations under the AML/CFT regime on a case by case basis.
Should an extra tax be slapped on banks in NZ?
New Zealand banks operate in a different environment and the Australian levy won’t affect New Zealand customers.
Aussie banks take a big hit after new tax
New Zealand banks operate in a different environment from those in Australia. Here we have strong and independent regulators, a very competitive banking sector and high levels of customer satisfaction.
Another bank closes
New Zealand Bankers’ Association chief executive Karen Scott-Howman said the way people banked had “changed hugely” in recent years. She said “only a fraction” of banking transactions were done in branches these days. “This means some branches no longer make commercial sense.”
Privacy Week: How to keep your banking secure
As part of Privacy Week the New Zealand Bankers’ Association is reminding people how to keep their banking safe from financial crime. “Banks take their customers’ privacy and confidentiality very seriously by protecting their systems and customer information. We all have a role to play in keeping our money safe from fraudsters,” says New Zealand… Read more »
Reserve bank warns of potentially stressful impact of potential interest rate spikes
Banks are responsible lenders and take into account a number of factors when making lending decisions. That includes testing affordability at higher interest rates and factoring in realistic essential expenditure.
Consultation Paper – Short duration derivatives
Financial Markets Authority.
Heads in the sand, houses in the water
Lending decisions on any property are made on a case by case basis. It’s quite possible that in time banks would require more equity or shorter term mortgages when considering lending on potentially affected coastal properties.
BEPS – Strengthening our interest limitation rules: A Government Discussion Document
Inland Revenue Department
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