- The 25 basis points rise in the Official Cash Rate to 2.75% announced by the Reserve Bank of New Zealand today was widely expected said the New Zealand Bankers’ Association. “The OCR rise has been clearly signalled by the Reserve Bank Governor for some time, and comes as no surprise,” said New Zealand Bankers’ Association... Read more »
- 2014 is shaping up to be another busy year for banks. It will largely be about continuing innovation and meeting customer demands in a very competitive environment, and bedding in recent regulatory changes. 2014 is shaping up to be another busy year for banks. It will largely be about continuing innovation and meeting customer demands... Read more »
- Banking industry body the New Zealand Bankers’ Association said the union’s claims “undermine the great work that frontline staff do in engaging with customers”.
- New Zealand banks continue to be strong and stable according to KPMG’s Financial Institutions Performance Survey for the 2013 financial year. “Our banks are among the best funded and regulated in the world, and highly competitive. That’s good for New Zealand households, businesses and our economy,” said New Zealand Bankers’ Association chief executive Kirk Hope.... Read more »
- All regulation should achieve a clearly defined purpose without imposing unnecessary costs and unintended consequences on businesses and consumers. More than lip service is needed to make sure we get regulation right. In a country and economy the size of New Zealand we can’t afford to get it wrong. The last few years have been... Read more »
- “We strongly recommend against using public computers and public Wi-Fi for internet banking,” said Bankers’ Association regulatory director Karen Scott-Howman.
- Parliament is considering legislation that would allow the Inland Revenue Department to collect contact details, bank account numbers and transactions of Americans living in New Zealand to pass on to tax authorities in the US. New Zealand Bankers Association chief executive Kirk Hope said if the information is not supplied, the Americans would impose hefty penalties... Read more »
- “People should have a good look at their circumstances and talk to their bank so they can be properly prepared for interest rate hikes,” says Bankers’ Association spokesperson Kirk Hope.
- Now is a good time to prepare for rising mortgage interest rates said the New Zealand Bankers’ Association in response to the Reserve Bank of New Zealand’s Official Cash Rate statement today. While the OCR has been left unchanged at 2.5%, the Reserve Bank has recently projected the cash rate could rise by 2.25% over... Read more »
- While comparisons between different countries aren’t always simple, it’s fair to say our particular crop of banks serve us well in terms of customer service, innovation and good business practice. “One’s destination is not a place, but a new way of seeing things,” said Henry Miller. There’s nothing new about the idea that travel brings... Read more »
