- “New Zealand is an importer of capital – it’s not a new thing, we’ve always been like that and we will probably have to be for some time. So this is going to tax that more: it does mean extra costs. And any extra costs means, potentially, increased lending costs for businesses and consumers.”
- The New Zealand Bankers’ Association today announced that Chapman Tripp and Visa New Zealand have joined the Association as its latest affiliate members. “We are pleased both Chapman Tripp and Visa have decided to formalise their relationship with the Association and are delighted to welcome them as affiliate members,” said New Zealand Bankers’ Association Chief... Read more »
- In response to the LVR changes announced today by the Reserve Bank, the New Zealand Bankers’ Association said that banks will work to meet the new obligations but warns that demand side initiatives are only one part of the solution. “We look forward to seeing more detail on the proposal and working with the Reserve... Read more »
- New Zealand Bankers’ Association boss Kirk Hope said Islamic mortgages were likely to be a niche product, and was not surprised banks had not yet taken an interest.
- Bankers’ Association chief Kirk Hope says there are few times when a bank can legally divulge your information: “You’ve got compulsion by law, a public duty to divulge the information, or where a bank has to disclose information to protect its own interests, for example in a court case. Or where the customer agrees to... Read more »
- New Zealand Bankers’ Association chief executive Kirk Hope said: “The Australian courts have so far ruled that none of the fees targeted by the action are unreasonable. For bank customers these fees are also avoidable”.
- The New Zealand Bankers’ Association today welcomed Russell McVeagh as its latest affiliate member. “We are very pleased to have Russell McVeagh, one of New Zealand’s leading commercial firms, join us as an affiliate member,” said New Zealand Bankers’ Association Chief Executive Kirk Hope. “This move demonstrates Russell McVeagh’s commitment to the banking industry in... Read more »
- Incoming NZBA chair Anthony Healy said, “Our banks are rated as the most sound in the world and we look forward to a productive year with the Association and its members, and continuing meaningful engagement with stakeholders.”
