Media

Stuff.co.nz - US taxman’s long arm threatens costly Kiwi headaches

May 4, 2012 - New Zealand financial institutions are fighting a United States tax that threatens to saddle them with millions of dollars in regulation costs and could end up costing Kiwi consumers. Outright opposition was not an option because non-compliant institutions would be slapped with hefty withholding penalties. It was “a very likely outcome” that those increased regulatory costs... Read more »

3 News - Anzac Day banking glitch to be investigated

April 25, 2012 - “Banks are certainly standing behind their customers,” says Kirk Hope of the New Zealand Bankers Association. “No customers will be adversely affected as a result of this payments issue.”

Stuff.co.nz - Loan shark regulators must be visible

April 13, 2012 - Loan shark regulators should open shops in at-risk areas to deter dodgy lending and give borrowers easier access to official help, says a banking leader. Bankers’ Association chief executive Kirk Hope said opening a shopfront would help regulators enforce the rules against predatory lenders in areas where they were concentrated.

Interest.co.nz - New CEO of New Zealand Bankers’ Association Kirk Hope says key RBNZ regulatory moves lack policy justification

April 12, 2012 - The new chief executive of the New Zealand Bankers’ Association says banks need more policy detail and more justification from the Reserve Bank on its plans to implement new global capital adequacy requirements for local banks ahead of the timetable set by the international regulatory overseer.

Interest.co.nz - ANZ CEO David Hisco succeeds BNZ’s Andrew Thorburn as chairman of the New Zealand Bankers’ Association

April 4, 2012 - In its statement the New Zealand Bankers’ Association (NZBA) quoted Hisco as saying a strong and resilient banking sector was crucial for New Zealand.