Media

NZ Herald - First-home buyers: $100k in the bank and still no luck in the market

May 22, 2021 - Beaumont said banks lend where they can, subject to lending criteria, which includes the borrower’s equity or deposit and their ability to repay the loan, so they weren’t “going in over their head”.

NBR - Business Banks grilled over branch closures

May 19, 2021 - Politicians from both sides of the House sought answers on how banks would protect the estimated 1% to 2% of customers who were likely to never access digital banking services. NZBA chief executive Roger Beaumont said phone banking was an “elegant solution” for customers in this situation, because most still had a landline.

NZ Herald - Northland Mayor John Carter slams banks for ‘ignoring’ rural NZ

May 18, 2021 - “It’s great to have interest in our banking hubs trial from regions like the Far North. Banks are closing some branches because customers prefer more convenient ways of banking. Some branches get fewer than 10 customers a day.”

RNZ - Demise of bank branch: Are regional banking hubs the future?

May 12, 2021 - Roger Beaumont talks to RNZ’s Kathryn Ryan about the regional Banking Hubs trial.

Stuff - Bank term deposit rates are so low savers can’t be bothered putting savings in them

May 2, 2021 - “In short, money is relatively cheap at the moment. That’s driven by a number of things, including the all-time low official cash rate, set by the Reserve Bank, which is currently at 0.25 per cent. Other factors include the cost of overseas funding, and Reserve Bank initiatives to increase the supply of money.

Newsroom - Banks want small-timers to pay higher levies to guarantee deposits

April 27, 2021 - “One issue that will need working through is how the levies to fund the scheme are applied to participating entities,” said Roger Beaumont, chief executive of the NZ Bankers’ Association. “We support a risk-based approach to setting levies where lower risk entities, such as banks, pay lower levies because they are less likely to call on... Read more »

Regulation Asia - New Zealand to Introduce Deposit Guarantee Scheme by 2023

April 23, 2021 - Beaumont also said the deposit protection scheme needs to take into account the higher minimum capital requirements to be phased in for banks, which he says will come at a high cost and is intended to help banks withstand a one-in-200-year shock.

Stuff - Deposits of up to $100,000 guaranteed under new scheme

April 22, 2021 - The Bankers’ Association supported a risk-based approach to setting levies, where lower risk entities such as banks would pay lower levies because they were less likely to call on the scheme, said chief executive Roger Beaumont.

Interest.co.nz - Government takes feedback on board and doubles coverage of proposed deposit insurance scheme to $100k per depositor, per institution

April 22, 2021 - The New Zealand Bankers’ Association supports risk-based pricing. CEO Roger Beaumont hoped this would see banks pay lower levies.

NBR - Guarantee scheme only covers 40% of deposits

April 22, 2021 - Another factor to take into account was higher minimum capital requirements to be phased in for banks, which came at a high cost and were intended to help banks withstand a one-in-200-year shock.