Media

Here you’ll find our media releases and opinions about banking in New Zealand, along with our media appearances.

Media Appearances Media Releases Opinions

NZ Herald - The interview: Roger Beaumont – Banking’s new cheerleader says there is work to do

February 16, 2019 - “I think the real opportunity for the banking industry in NZ is to tell our story better because I think there is a really good story to tell.”

Opinions

Spotlight on banking conduct

February 13, 2019 - Roger Beaumont, Chief Executive Published in KPMG’s Financial Institutions Performance Survey Review of 2018, 13 February 2019 In 2018 the spotlight went on bank conduct and culture in New Zealand. The Financial Markets Authority and the Reserve Bank of New Zealand launched a joint review in response to the Australian Royal Commission into financial services... Read more »

Media Appearances

TVNZ - Australian banks carry the blame for industry’s widespread greed-driven misconduct, royal commission finds

February 5, 2019 - “While the FMA and RBNZ review into banking conduct last year found no evidence of widespread misconduct, the industry believes that trust is central to customer relationships and welcomes any moves to improve this.”

Media Appearances

RNZ - Banks may become cautious lenders following report

February 5, 2019 - “We will also work closely with the government on the recently announced fast-tracking of regulation for further customer protection in the financial sector.”

Media Appearances

Stuff.co.nz - Retired banker protests banks’ ‘stranglehold’ on lending

January 4, 2019 - Priority amounts are a dollar amount that mortgagees set in their mortgage terms and conditions, set by banks’ internal credit policies. The dollar amount reflects the maximum amount that the mortgagee can recover ahead of other mortgagees if there is a mortgagee sale.

Media Releases

New CEO appointed to New Zealand Bankers’ Association

December 17, 2018 - Roger Beaumont has today been named as Chief Executive of the New Zealand Bankers’ Association, the organisation that represents the New Zealand banking industry. NZBA Chair David McLean, CEO of Westpac, says they are delighted to have been able to appoint someone with such strong credentials in both the banking sector and stakeholder management area,... Read more »

Media Appearances

NZ Herald - Borrowing costs set to rise as banks face tougher rules if Reserve Bank proposal becomes reality

December 14, 2018 - Reserve Bank stress tests show banks can withstand a 40 per cent fall in house prices.

Media Appearances

Interest.co.nz - RBNZ proposes significant increase in bank capital requirements that will eat up 70% of the sector’s profits over 5 years

December 14, 2018 - Buffers ensure banks have sufficient capital to get through a serious economic downturn. However, too large a buffer limits banks’ ability to innovate and enhance customer outcomes.

Media Appearances

Stuff.co.nz - Banks asked to take on bigger share of market risk

December 14, 2018 - New Zealand Bankers’ Association acting chief executive Antony Buick-Constable said: “New Zealand’s banks are currently very well capitalised and among the most stable and secure in the world.”

Media Appearances

Stuff.co.nz - Spy agency’s ‘intrusive requests’ of banks didn’t sufficiently recognise Bill of Rights

December 14, 2018 - Banks take their obligations to maintain customer privacy and confidentiality very seriously. On rare occasions that needs to be balanced with national security requirements.