Media

Here you’ll find our media releases and opinions about banking in New Zealand, along with our media appearances.

Media Releases

Banks expand regional banking hubs trial

- The New Zealand Bankers’ Association and the six participating banks have decided to expand the regional banking hubs trial until the end of 2023, opening four new model hubs and adapting the existing four. The Finance Minister launched NZBA’s regional banking hubs trial in November 2020, with hubs opened in Martinborough, Ōpunake, Stoke and Twizel.... Read more »
Media Releases

Minister takes wrong option in CCCFA changes

- Commerce and Consumer Affairs Minister David Clark took the wrong option presented to him in the review into the Credit Contracts and Consumer Finance Act released today. “The Council of Financial Regulators report released today presented a range of better options than those chosen by the Minister,” says New Zealand Bankers’ Association chief executive Roger... Read more »
Media Releases

KB Kookmin Bank joins New Zealand Bankers’ Association

- KB Kookmin Bank Auckland Branch today became a member of the New Zealand Bankers’ Association, bringing the total number of member banks to 18. New Zealand Bankers’ Association chief executive Roger Beaumont says: “We are delighted to welcome Kookmin Bank to the Bankers’ Association. Joining NZBA shows the Korean bank’s commitment to New Zealand and... Read more »
Opinions

Mind the gap: Gender pay disparity too wide

- Roger Beaumont Published in the NBR, 25 June 2022 Thirty years ago, if you’d been asked to describe a bank manager or a bank CEO, you would probably have envisaged a man in a suit and tie, in a very large wood-panelled office behind a disproportionately large desk, potentially even puffing on a cigar. I’m... Read more »
Media Appearances

Good Returns - CoFI bill changes welcomed by advisers body

- “Financial institutions are in contractual relationships with intermediaries,” the association wrote.  “Intermediaries are not their employees or contractors, and financial institutions do not have the ability to “manage” or “supervise” intermediaries outside of what is contractually agreed on a case-by-case basis.” The NZBA called for “monitoring”, rather than “managing” and “supervising”, intermediaries.
Media Appearances

NZ Adviser - Government changes to CCCFA locked in

- “While we agree with the government’s aim to protect vulnerable consumers from unscrupulous lenders, the one-size-fits-all approach for all lenders and all loan types means banks don’t have the same discretion or flexibility they used to.”
Media Appearances

Interest.co.nz - Amendments to the troubled credit rule changes last year will come into force on July 7, but the NZ Bankers’ Association says the ‘rushed’ attempt to fix the problems won’t make things easier for would-be borrowers

- “We don’t think the tweaks published today will make a big difference for most borrowers. That’s because most of the existing requirements remain in place, meaning customers will still have to provide detailed information about their spending, resulting in a more painstaking process and more loan applications being declined than before the December rule change.”