Media Appearances
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Media Appearances
Media Appearances
Reuters - New Zealand government to introduce ‘open banking’ for consumers
- New Zealand Bankers’ Association chief executive Roger Beaumont said it is important to get the open data sharing right for consumers and they needed time to implement. “There may also be lessons from other countries the government could take into account as it develops the legal framework.”
Media Appearances
Newshub - Expert disappointed open banking at least two years away
- Roger Beaumont from the New Zealand Bankers’ Association said it’s “really important to get it right because if you get it wrong there are some serious implications”.
Media Appearances
TVNZ - Some experts divided on open banking
- “New Zealanders have plenty of choice already, we don’t actually need open banking for there to be competition and choice for New Zealanders.”
Media Appearances
Newsroom - Open banking will give control to customers – but it comes with risks
- But NZ Bankers’ Association chief executive Roger Beaumont says it’s important we get it right. With so much new regulation and compliance, banks have told the Government they need time to implement challenges such as customer privacy and data security.
Media Appearances
Business Desk - Mixed reaction to Adrian Orr reappointment
- “The banking industry worked closely with him in the early response to covid and was grateful for his support for banks to offer customers deferred or reduced repayments for around $70 billion in loans.”
Media Appearances
NZ Herald - Banks unfair?
- Last year they made a direct contribution of $8.52 billion to the New Zealand economy by spending $6.12 billion running their businesses here and by paying $2.4 billion in tax. The total contribution is more than their combined profits.
Media Appearances
NZ Herald - Negative equity and rising mortgage rates: Should we be worried?
- People who were facing any significant change in circumstance that would cause them difficulty paying their mortgage – such as losing their job – should ring their bank immediately.
Media Appearances
Stuff - Banks’ big profits ‘mean they have duty to help struggling borrowers’
- “Banks are responsible lenders and when assessing a loan application they apply higher ‘serviceability’ rates to see if you could still repay the loan if interest rates go up. So typically, there’s a buffer already built in for borrowers.”
Media Appearances