Media Releases
Media
Here you’ll find our media releases and opinions about banking in New Zealand, along with our media appearances.
Media Releases
Bank staff to help teach School Leavers’ Toolkit
- The banking industry will provide hands-on skills to support the School Leavers’ Toolkit by making staff available to teach the financial literacy component, as required. The New Zealand Bankers’ Association has been involved in the development of the toolkit since it began, providing ideas, specialist expertise and content approval for the financial literacy component. Banks... Read more »
Media Appearances
Interest.co.nz - Government’s proposed conduct licensing regime for financial service providers will make them accountable for sales to consumers
- “Since last year’s Bank Conduct and Culture Review all banks have committed to removing sales incentives for frontline salespeople and their managers. While that review found no evidence of widespread misconduct and culture issues across the industry here we accept there’s work to do to put better systems and processes in place to ensure good... Read more »
Media Appearances
TVNZ - Government to ban ‘profits ahead of people’ tactics by banks, insurers
- “You can be confident that the person you’re talking to is not being incentivised in any way to sell you a product or service.”
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