Media

TVNZ - One in four farmers feel under pressure from banks to reduce debt, survey finds

November 29, 2019 - The Bankers Association says lenders work closely with farmers and it points to the low number of mortgagee farm sales – fewer than 10 a year out of 52,000 farms across the country.

RNZ - The Banks, the Swaps and the Suicide Box

November 15, 2019 - They also issued a statement, saying that bank conduct had improved over the last 10 years, with an increased focus on customer outcomes.

Interest.co.nz - The Reserve Bank will release the final decisions in its biggest ever review of banks’ regulatory capital requirements on Thursday, December 5

November 11, 2019 - In a submission, the NZ Bankers’ Association (NZBA) said it agrees and supports the objective of maintaining a sound banking system and guarding against banking crises, but argues that NZ’s major banks are already well capitalised.

Stuff - Making bank: Big four banks cashing in on New Zealanders

October 31, 2019 - “Our banks are profitable because they’re very efficient compared to similar banks around the world. They manage their costs very well. Another factor is that they did relatively well through the global financial crisis. None failed or were bailed out by the government, unlike in Europe and the US where they recovered their profitability more... Read more »

Stuff - Global report suggests third of banks vulnerable to downturn

October 25, 2019 - Roger Beaumont said New Zealand banks were strong. “There’s a couple of reasons for that. They are well capitalised and they’re very good at managing their costs, which makes them very efficient and helps explain their returns on equity.”

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.”

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.

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.

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.

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.