- “New Zealand banks operate in a different market and regulatory framework compared to their Australian counterparts. Any changes in New Zealand are more likely to be driven by customer demand.”
- “The net interest rate margin remains relatively flat and banks are really generating their profits off a reduction in expenses and also provisioning that is at historically low levels.”
- The New Zealand Bankers’ Association (NZBA) today welcomed the Financial Markets Authority’s (FMA) release of ‘A guide to the FMA’s view of conduct’. “Good conduct and trust form a vital part of banks’ relationships with their customers. New Zealand banks work hard to ensure their customers’ interests are considered first when providing financial advice, so... Read more »
- The New Zealand Bankers’ Association (NZBA) today welcomed the Ministry of Business, Innovation and Employment’s (MBIE) recommendations to the Minister of Commerce and Consumer Affairs on changes to the Financial Advisers Act 2008 (FAA) and Financial Services Providers Act 2008 (FSPA). “Banks support good quality regulation that improves consumer understanding of financial advice and the... Read more »
- The New Zealand Bankers’ Association today welcomed law firm Minter Ellison Rudd Watts as its latest affiliate member. “We are delighted to have Minter Ellison Rudd Watts, one of New Zealand’s premier and most established law firms, join us as an affiliate member,” said New Zealand Bankers’ Association Chief Executive Karen Scott-Howman. “Affiliate members provide... Read more »
- New Zealand’s stable and robust banking system stands strong against the uncertain implications of Brexit, says the New Zealand Bankers’ Association (NZBA). “New Zealand’s banks are strong, well-funded and well regulated, and this stability positions them well in an environment of global uncertainty,” said New Zealand Bankers’ Association chief executive Karen Scott-Howman. “Since the Global... Read more »
- The New Zealand Bankers’ Association (NZBA) supports the Government’s announcement today that it will take a considered approach to implementing recommendations on anti money laundering legislation, which were highlighted in its Inquiry into Foreign Trust Disclosure Rules. “Banks already play their part in complying with domestic and international legislative requirements, and can attest that a... Read more »
- It’s Privacy Week (9-15 May), and the New Zealand Bankers’ Association (NZBA) says that the broader theme “Privacy – in your hands” is a timely reminder that while banks work hard to protect our ban ing information, we all need to take steps to help ensure our personal information is safe and secure. The Privacy... Read more »
- KPMG’s Financial Institutions Performance Survey (for the quarter to December 2015) released today has found that New Zealand’s banks remain resilient and that the local economy continues to be buoyant, despite uncertainty in the global economic environment. The New Zealand Bankers’ Association (NZBA) says that banks continue to manage their businesses well, and that helps... Read more »
