Media Appearances
Media
Here you’ll find our media releases and opinions about banking in New Zealand, along with our media appearances.
Media Appearances
Stuff - Laws will levy ‘strong’ fines on banks, insurers
- “Banks want to treat their customers fairly. It’s good for customers and good for business.”
Media Appearances
Otago Daily Times - RBNZ to publicise regulatory breaches
- NZBA said that it supported openness and transparency and was pleased the central bank had accepted that only actual material breaches be published.
Media Appearances
Farmers Weekly - Banks support farm mediation
- In its submission on the Farm Debt Mediation Bill presented to the Primary Production Select Committee the Bankers Association said it supports the Bill, which has the potential to shorten the amount of time taken to get a resolution and avoid the need for creditor enforcement.
Media Appearances
Newshub - The ‘way over the top regulations’ National wants to dump
- New Zealand Bankers’ Association chief executive Roger Beaumont suggested the policy was needless as New Zealand currently has “one of the fastest bank switching processes in the world”.
Media Appearances
Interest.co.nz - Farmers want Farm Debt Mediation Bill tweaked
- The Bankers’ Association highlighted in its submission: “continual discussions and negotiations between lenders and with their farming customers is the norm in a banking relationship and in the event there is a dispute that warrants having a formal process with an independent “circuit breaker” involved, members would actively encourage mediation (regardless of the statutory scheme)”.
Media Appearances
Newshub - Climate change warning: Shorter mortgage loans, higher insurance for beachfront property
- New Zealand Bankers’ Association chief executive Roger Beaumont confirmed that banks might shorten mortgage for properties that are at risk. He also raised the issue of insurance, saying without insurance banks won’t approve a home loan.
Media Appearances
NZ Herald - Surge in mortgage inquiries after official cash rate cut to record low
- “It’s a good idea to calculate the potential interest rate savings for the balance of the fixed period against the break cost. Then you can make a carefully considered decision and not just chase a cheaper rate. Your bank should be able to help with this comparison.”
Media Appearances
NZ Herald - RBNZ Governor Adrian Orr accuses banks of ‘scaring the public’ with aggressive lobbying
- Bankers’ Association chief executive Roger Beaumont said it was up to each bank as to how it responded if the rules come into effect. “Our independent economic analysis suggests there will likely be tightening of lending in some parts of the economy such as small business and agriculture.”
Media Appearances