Media Releases
Media
Here you’ll find our media releases and opinions about banking in New Zealand, along with our media appearances.
Media Releases
Bankers’ Association applauds loan shark prosecution
- The New Zealand Bankers’ Association today applauded the prosecution of third tier lender Barry Hunt for breaches of the Credit Contracts and Consumer Finance Act. “This is a great result. We congratulate the Commerce Commission on a successful prosecution in this case,” said New Zealand Bankers’ Association chief executive Kirk Hope. “At last year’s Financial... Read more »
Media Appearances
Interest.co.nz - ‘No wholesale move by banks to sell people out of their homes,’ bank lobby group says responding to Terralink pointing to ‘marked upturn’ in major banks forcing mortgagee sales
- Bank lobby group the New Zealand Bankers’ Association has hit back at suggestions from property information provider Terralink that mortgagee sales are rising because of a “marked upturn” in the major banks forcing them, saying the total number of mortgagee sales last year was less than 0.2% of the total number of mortgages and there’s... Read more »
Media Releases
Mortgagee sales less than 0.2% of all mortgagesT
- he New Zealand Bankers’ Association revealed today that the number of mortgagee sales was less than 0.2% of the total number of mortgages held by New Zealanders. In 2011 there were 2263 mortgagee sales, compared to over 1.2 million mortgages. “This is a tiny fraction of total mortgage numbers,” said New Zealand Bankers’ Association chief... Read more »
Media Appearances
Stuff.co.nz - Banks cry foul over levy
- “The benefits to already responsible participants are not at all evident compared to the costs they are being asked to shoulder,” Hope said. While banks could pose a greater structural risk to the economy, Hope said the prudential risks of the sector were already being managed by the Reserve Bank. “At a structural level we’re talking about... Read more »
Media Appearances
NZ Herald - Banks pay big fees to fund FMA
- New Zealand Bankers’ Association chief executive Kirk Hope said it had no issue with an industry contribution to FMA costs but the levy was disproportionate to the benefits received.
Media Releases
FMA levy misses the mark
- The New Zealand Bankers’ Association today expressed disappointment at the government’s announcement on the way it intends to levy the financial sector to fund the Financial Markets Authority. “Banks are well-regulated responsible lenders operating at the top end of the market. “The levies should better reflect the costs and benefits where they actually fall,” said... Read more »
Media Appearances
NZ Herald - Homeowners’ good news is savers’ loss
- While homeowners are jumping up and down with excitement over the low mortgage rates, savers aren’t having so much fun. “Balancing the needs and aspirations of borrowers and depositors, within the context of global uncertainty and a very competitive market, provides plenty of challenges for our banks,” Hope says.
Media Releases
Good public purse management keeps cost of credit down
- Prudent management of the public purse is essential to keeping down the cost of credit said the New Zealand Bankers’ Association today in response to Budget 2012. The Association supported moves to ensure borrowing costs for the government, householders and business owners do not increase unnecessarily. Initiatives that kept the NZ dollar at a realistic... Read more »
Media Appearances