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Media Appearances

Stuff - Here’s why retailers are reluctant to let you pay with Paywave

October 9, 2019 - New Zealand Bankers’ Association chief executive Roger Beaumont said it was important to compare like-for-like. “Eftpos remains an important part of card payments in New Zealand. It’s free for merchants and that impacts the overall cost to merchants for payments.”

Media Appearances

Stuff - Portrait of the governor as a strongman: the complicated heroics of Adrian Orr

October 5, 2019 - Boyle, who reviewed the Reserve Bank’s December proposal and supporting literature and contributed to a report commissioned by the New Zealand Bankers’ Association, maintained that a full cost benefit analysis should have been done at the outset. Instead, the Reserve Bank has promised to produce one later this year.

Media Appearances

Stuff - Banking hubs: ‘A very small response to a major issue’

October 5, 2019 - The new hubs, which will open in Stoke, Martinborough, Opunake, and Twizel early next year, will feature “Smart ATM” machines, “a support person”, and online and technology support, according to the NZ Bankers’ Association.

Media Appearances

RNZ - Adrian Orr: The Reserve Bank governor taking on the Aussie banks

October 4, 2019 - Former head of the Treasury Graham Scott wrote the association’s submission on the Reserve Bank proposal. He says requiring banks to hold 16 percent capital will cost the economy about $1.8bn a year and could lead banks to pull money out of the country.

Media Appearances

NZ Herald - Experts have their say. Did Reserve Bank governor Adrian Orr get new bank rules right?

October 1, 2019 - “We differ on the costs of the proposal compared to the benefits. Our banks are already well-capitalised and strong by international comparisons,” said NZBA chief executive Roger Beaumont.

Media Appearances

Stuff - Experts reject claims bank capital proposals will be expensive for customers

October 1, 2019 - “The independent economic analysis we commissioned from Sapere in May, and led by former Treasury Secretary Dr Graham Scott, found that the Reserve Bank proposals will cost households, businesses and our economy around $1.8 billion a year.”

Media Appearances

Newshub - Farmers welcome regional banking hubs trial

October 1, 2019 - AM Show host Duncan Garner talks to NZBA CEO Roger Beaumont about the Banking Hubs pilot

Media Appearances

Otago Daily Times - Twizel part of trial for banking hubs

October 1, 2019 - New Zealand’s “big six” banks have welcomed a trial banking hub to provide banking services in communities which would otherwise go without.

Media Appearances

TVNZ - Major NZ banks to trial regional hubs, as branches continue to close

September 30, 2019 - The hub trial will last up to 12 months beginning early next year, costing significantly less than a full branch, says the NZ Bankers Association.

Media Appearances

Newshub - Banks in New Zealand to trial ‘hubs’ in regions hit by lack of branches

September 30, 2019 - “I’d like to thank the banks and the Bankers’ Association for working with the Government on this initiative which will be implemented in early 2020.”

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