Banking
ASB's parent Commonwealth Bank of Australia recommits to funding Heartland Group's Australian reverse mortgage business
22nd Nov 18, 9:43am
ASB's parent Commonwealth Bank of Australia recommits to funding Heartland Group's Australian reverse mortgage business
ASB, like BNZ and The Co-operative Bank, adopts facial recognition technology to enable new customers to apply for a bank account in 15 minutes without entering a branch
21st Nov 18, 12:49pm
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ASB, like BNZ and The Co-operative Bank, adopts facial recognition technology to enable new customers to apply for a bank account in 15 minutes without entering a branch
ANZ NZ September quarter return on equity bounces and net interest margin dips as profit rises 5%
20th Nov 18, 12:49pm
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ANZ NZ September quarter return on equity bounces and net interest margin dips as profit rises 5%
Challenge of achieving good customer outcomes through vertically integrated banks 'harmed significantly' by staff incentives 'to put away product', FMA says
19th Nov 18, 9:53am
Challenge of achieving good customer outcomes through vertically integrated banks 'harmed significantly' by staff incentives 'to put away product', FMA says
Co-op Money credit union members working on 'step-in rights' project against backdrop of more expensive than expected new Oracle Flexcube banking system
19th Nov 18, 9:34am
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Co-op Money credit union members working on 'step-in rights' project against backdrop of more expensive than expected new Oracle Flexcube banking system
Aotearoa Credit Union annual loss tops $2m as new Oracle core banking system causes loss of customers & leads to unreliable management reports
17th Nov 18, 10:34am
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Aotearoa Credit Union annual loss tops $2m as new Oracle core banking system causes loss of customers & leads to unreliable management reports
RBNZ, a payer of chunky dividends to the Government, wants to keep more of the money it generates to boost its prudential regulation department
17th Nov 18, 10:02am
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RBNZ, a payer of chunky dividends to the Government, wants to keep more of the money it generates to boost its prudential regulation department
'High risk' of inappropriate sales practices occurring with banks 'not adequately' monitoring and controlling the risk, FMA says in bank pay incentive structures report
15th Nov 18, 1:02pm
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'High risk' of inappropriate sales practices occurring with banks 'not adequately' monitoring and controlling the risk, FMA says in bank pay incentive structures report
FMA director of regulation Liam Mason details the type of bank pay incentives the regulator would like to see rewarded, says incentives linked to sales should go completely
15th Nov 18, 1:00pm
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FMA director of regulation Liam Mason details the type of bank pay incentives the regulator would like to see rewarded, says incentives linked to sales should go completely
Reserve Bank climate change strategy to focus on both its own activities and its regulatory oversight of financial stability
13th Nov 18, 12:43pm
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Reserve Bank climate change strategy to focus on both its own activities and its regulatory oversight of financial stability
Review considers change to existing RBNZ sound & efficient financial system policy objective with competition, consumer protection & public confidence also in the mix
13th Nov 18, 5:00am
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Review considers change to existing RBNZ sound & efficient financial system policy objective with competition, consumer protection & public confidence also in the mix
RBNZ Act review consultation paper details the local banking system by the numbers, highlighting the dominance of the Aussie owned banks
12th Nov 18, 11:58am
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RBNZ Act review consultation paper details the local banking system by the numbers, highlighting the dominance of the Aussie owned banks
Treasury to probe 'fundamental change' and growth required by Kiwibank to take on core government banking in 2023
12th Nov 18, 10:33am
Treasury to probe 'fundamental change' and growth required by Kiwibank to take on core government banking in 2023
Shane Jones accuses the FMA of being 'chummy' with banks, the RBNZ of being too independent and the Super Fund of using the wrong investment strategy
11th Nov 18, 6:30am
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Shane Jones accuses the FMA of being 'chummy' with banks, the RBNZ of being too independent and the Super Fund of using the wrong investment strategy
Auckland-based non-bank deposit taker FE Investments has reissued its annual accounts after failing to disclose payments received by directors through another company they control
9th Nov 18, 5:00am
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Auckland-based non-bank deposit taker FE Investments has reissued its annual accounts after failing to disclose payments received by directors through another company they control
Government's suggestion of establishing a legal duty for banks to consider customers' long-term outcomes would be a shift to a fiduciary duty of care from buyer beware
7th Nov 18, 3:24pm
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Government's suggestion of establishing a legal duty for banks to consider customers' long-term outcomes would be a shift to a fiduciary duty of care from buyer beware
RBNZ and FMA: Banks need to revise their sales incentive structures 'through all layers of management'
5th Nov 18, 2:02pm
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RBNZ and FMA: Banks need to revise their sales incentive structures 'through all layers of management'
What was in and what was out of the FMA & RBNZ's bank conduct and culture report and why
5th Nov 18, 2:01pm
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What was in and what was out of the FMA & RBNZ's bank conduct and culture report and why
FMA & RBNZ report highlights several ways government could address regulatory gaps to incentivise banks to develop & maintain appropriate management of conduct risk
5th Nov 18, 2:00pm
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FMA & RBNZ report highlights several ways government could address regulatory gaps to incentivise banks to develop & maintain appropriate management of conduct risk
FMA & RBNZ report concludes bank conduct & culture problems not widespread in NZ, but highlights a culture of banks acting in their own, not customers', interests
5th Nov 18, 2:00pm
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FMA & RBNZ report concludes bank conduct & culture problems not widespread in NZ, but highlights a culture of banks acting in their own, not customers', interests
Westpac NZ annual cash earnings rise 5%, statutory earnings up 3% to $936 mln, three-year business transformation programme yielding benefits
5th Nov 18, 10:07am
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Westpac NZ annual cash earnings rise 5%, statutory earnings up 3% to $936 mln, three-year business transformation programme yielding benefits
A new 'streamlined' system of prudential supervision covering both banks and non-bank deposit takers is strongly suggested in the consultation document for next stage of Reserve Bank Act
3rd Nov 18, 9:19am
A new 'streamlined' system of prudential supervision covering both banks and non-bank deposit takers is strongly suggested in the consultation document for next stage of Reserve Bank Act
CEO Angela Mentis says BNZ hopes to recoup revenue lost through fee reductions by gaining more customers' business & new customers
2nd Nov 18, 3:33pm
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CEO Angela Mentis says BNZ hopes to recoup revenue lost through fee reductions by gaining more customers' business & new customers
Consultation document for next stage of Reserve Bank Act review gives clear signals that some form of formal protection for bank depositors is likely to be introduced
2nd Nov 18, 11:08am
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Consultation document for next stage of Reserve Bank Act review gives clear signals that some form of formal protection for bank depositors is likely to be introduced
Sale of Paymark for $190 mln by ANZ, ASB, BNZ and Westpac to France's Ingenico cleared by Commerce Commission
2nd Nov 18, 9:35am
Sale of Paymark for $190 mln by ANZ, ASB, BNZ and Westpac to France's Ingenico cleared by Commerce Commission