Media Appearances
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Media Appearances
Media Appearances
Interest.co.nz - Federated Farmers says quoting bank lobby group CEO on RBNZ bank capital proposals in farmer banking survey part of ensuring balance
- The Federated Farmers press release has NZBA CEO Roger Beaumont saying NZBA analysis shows the Reserve Bank’s proposal to “almost double” capital requirements will have a net cost to the New Zealand economy of $1.8 billion a year.
Media Appearances
NZ Adviser - Farmer satisfaction with banks slips further
- New Zealand Bankers’ Association chief executive Roger Beaumont, who is pleased to see most farmers remain satisfied with their bank, said he expects RBNZ’s capital requirements proposal to a net cost to the New Zealand economy of $1.8 billion a year.
Media Appearances
ShareChat - Farmers less happy with banks and RBNZ capital requirements signaled as a factor
- Federated Farmers cited the NZ Bankers’ Association’s estimate that the Reserve Bank’s proposals would cost the economy $1.8 billion.
Media Appearances
Stuff - New Zealand’s banking sector inching close to warfare
- NZBA has denied suggesting that the government should ever bail out the banks, saying that instead an independent report merely speculated that in the event of a bank failure, a government would be reluctant to allow customers to take a haircut on their deposits.
Media Appearances
ShareChat - NZBA, Banking Ombudsman support RBNZ proposal on material breach reporting
- The New Zealand Bankers’ Association and the Banking Ombudsman agree with the Reserve Bank that disclosure of banks’ breaches of their conditions of registration should be limited to “material” breaches only.
Media Appearances
Newsroom - Treasury fears over farm debt bill
- The industry supports a farm debt mediation to codify many of these processes and provide clarity and an alternative support option for farmers.
Media Appearances
Interest.co.nz - Governor Adrian Orr says RBNZ is ‘open minded’ about its proposals to increase bank capital
- In response to Orr’s comments an NZBA spokesman said the lobby group’s submission did not suggest the government should pay out in the event of a bank failure.
Media Appearances
Interest.co.nz - RBNZ to use external experts and focus groups in next phases of the biggest review of NZ bank capital requirements ever undertaken
- NZBA describes the Reserve Bank proposals as excessive and maintains they will cost “households, businesses and our economy” around $1.8 billion a yea
Media Appearances