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 - Bank term deposit rates are so low savers can’t be bothered putting savings in them
- “In short, money is relatively cheap at the moment. That’s driven by a number of things, including the all-time low official cash rate, set by the Reserve Bank, which is currently at 0.25 per cent. Other factors include the cost of overseas funding, and Reserve Bank initiatives to increase the supply of money.
Media Appearances
Newsroom - Banks want small-timers to pay higher levies to guarantee deposits
- “One issue that will need working through is how the levies to fund the scheme are applied to participating entities,” said Roger Beaumont, chief executive of the NZ Bankers’ Association. “We support a risk-based approach to setting levies where lower risk entities, such as banks, pay lower levies because they are less likely to call on... Read more »
Media Appearances
Regulation Asia - New Zealand to Introduce Deposit Guarantee Scheme by 2023
- Beaumont also said the deposit protection scheme needs to take into account the higher minimum capital requirements to be phased in for banks, which he says will come at a high cost and is intended to help banks withstand a one-in-200-year shock.
Media Appearances
Stuff - Deposits of up to $100,000 guaranteed under new scheme
- The Bankers’ Association supported a risk-based approach to setting levies, where lower risk entities such as banks would pay lower levies because they were less likely to call on the scheme, said chief executive Roger Beaumont.
Media Appearances
Interest.co.nz - Government takes feedback on board and doubles coverage of proposed deposit insurance scheme to $100k per depositor, per institution
- The New Zealand Bankers’ Association supports risk-based pricing. CEO Roger Beaumont hoped this would see banks pay lower levies.
Media Appearances
NBR - Guarantee scheme only covers 40% of deposits
- Another factor to take into account was higher minimum capital requirements to be phased in for banks, which came at a high cost and were intended to help banks withstand a one-in-200-year shock.
Media Appearances
RNZ - Bank insurance scheme to protect up to $100,000 of each depositor’s funds
- “We support a risk-based approach to setting levies where lower risk entities, such as banks, pay lower levies because they are less likely to call on the scheme.”
Media Releases
Deposit guarantee scheme provides extra security for depositors
- The deposit guarantee scheme announced today by the government will provide even more security for people who have bank deposits. “Our banks are among the best capitalised and regulated in the world. We saw their strength and resilience through the global financial crisis, when there were no bank failures or bailouts in New Zealand. And,... Read more »
Media Appearances