Media / Media Appearances

Media Appearances

NZ Adviser - Banks submit conduct and culture review responses to regulators

April 2, 2019 - The individual work plans for each bank have all been signed off at the highest level. That means there is buy-in from the very top of these financial institutions to make sure they’re meeting regulator and public expectations.

Media Appearances

Interest.co.nz - FMA and RBNZ say ‘thorough’ review of responses from 11 banks to conduct and culture review will take several weeks

April 2, 2019 - All banks with sales incentives have committed to remove or address them for frontline salespeople and their managers, with some having already removed sales incentives.

Media Appearances

NZ Adviser - Banking industry contributes $1m to support Christchurch families

March 19, 2019 - New Zealand Bankers’ Association members have committed $1 million to the Our People, Our City Fund, which will meet the immediate and long term needs of the families most directly affected.

Media Appearances

NZ Herald - NZ banks donate $1m to families affected by ChCh shooting

March 18, 2019 - The New Zealand banking industry has donated $1 million to those affected by the 15 March shooting in Christchurch that claimed the lives of 50 people.

Media Appearances

NZ Herald - The interview: Roger Beaumont – Banking’s new cheerleader says there is work to do

February 16, 2019 - “I think the real opportunity for the banking industry in NZ is to tell our story better because I think there is a really good story to tell.”

Media Appearances

TVNZ - Australian banks carry the blame for industry’s widespread greed-driven misconduct, royal commission finds

February 5, 2019 - “While the FMA and RBNZ review into banking conduct last year found no evidence of widespread misconduct, the industry believes that trust is central to customer relationships and welcomes any moves to improve this.”

Media Appearances

RNZ - Banks may become cautious lenders following report

February 5, 2019 - “We will also work closely with the government on the recently announced fast-tracking of regulation for further customer protection in the financial sector.”

Media Appearances

Stuff.co.nz - Retired banker protests banks’ ‘stranglehold’ on lending

January 4, 2019 - Priority amounts are a dollar amount that mortgagees set in their mortgage terms and conditions, set by banks’ internal credit policies. The dollar amount reflects the maximum amount that the mortgagee can recover ahead of other mortgagees if there is a mortgagee sale.

Media Appearances

NZ Herald - Borrowing costs set to rise as banks face tougher rules if Reserve Bank proposal becomes reality

December 14, 2018 - Reserve Bank stress tests show banks can withstand a 40 per cent fall in house prices.

Media Appearances

Interest.co.nz - RBNZ proposes significant increase in bank capital requirements that will eat up 70% of the sector’s profits over 5 years

December 14, 2018 - Buffers ensure banks have sufficient capital to get through a serious economic downturn. However, too large a buffer limits banks’ ability to innovate and enhance customer outcomes.

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