- 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.
- 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.
- NZBA describes the Reserve Bank proposals as excessive and maintains they will cost “households, businesses and our economy” around $1.8 billion a yea
- New Zealand’s banks are calling for the Reserve Bank to rethink its plan to require them to hold more capital to help withstand financial shocks, claiming it risks putting “a handbrake” on the economy.
- That analysis showed the New Zealand banks were carrying six percentage points higher capital at 16.3 percent that the stated average 10.3 percent level then.
- Cover up when entering your PIN so you don’t reveal it to ‘shoulder surfers’ or hidden cameras. That’s how fraudsters who have your card details can access your bank accounts.
