FMA
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
'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
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
CBL Insurance to be wound up as creditors back RBNZ's liquidation push over directors' rescue remedy; RBNZ commissions inquiry into its handling of CBL Insurance
12th Nov 18, 2:15pm
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CBL Insurance to be wound up as creditors back RBNZ's liquidation push over directors' rescue remedy; RBNZ commissions inquiry into its handling of CBL Insurance
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
Gareth Vaughan argues credit cards should be the first target for our regulators if they're serious about making banks protect or enhance customer interests & outcomes
10th Nov 18, 10:02am
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Gareth Vaughan argues credit cards should be the first target for our regulators if they're serious about making banks protect or enhance customer interests & outcomes
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
In the wake of the bank conduct & culture review, Gareth Vaughan argues more sunlight is needed on the RBNZ's DIY regulatory regime
6th Nov 18, 5:12pm
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In the wake of the bank conduct & culture review, Gareth Vaughan argues more sunlight is needed on the RBNZ's DIY regulatory regime
Jenée Tibshraeny questions whether the 'power to make changes' rests with the banks, as the RBNZ and FMA say, or the lawmakers
6th Nov 18, 11:58am
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Jenée Tibshraeny questions whether the 'power to make changes' rests with the banks, as the RBNZ and FMA say, or the lawmakers
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
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
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
ANZ NZ CEO David Hisco eyes growth opportunities for the to be retained UDC, expects work list of things to do from FMA & RBNZ report on bank conduct & culture
1st Nov 18, 11:53am
ANZ NZ CEO David Hisco eyes growth opportunities for the to be retained UDC, expects work list of things to do from FMA & RBNZ report on bank conduct & culture
Five things to look for in the Financial Markets Authority and Reserve Bank report on New Zealand banks' conduct and culture
30th Oct 18, 6:30am
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Five things to look for in the Financial Markets Authority and Reserve Bank report on New Zealand banks' conduct and culture
FMA's Rob Everett says banking probe considering any gaps in retail banking services framework that could undermine conduct supervision or regulation
18th Oct 18, 11:25am
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FMA's Rob Everett says banking probe considering any gaps in retail banking services framework that could undermine conduct supervision or regulation
The Little Black Book of Scams: How to recognise and deal with those smart, friendly, charming and persuasive calls from someone touting a great investment
16th Oct 18, 7:00am
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The Little Black Book of Scams: How to recognise and deal with those smart, friendly, charming and persuasive calls from someone touting a great investment
Amid growing frustration at the continuing increase in KiwiSaver fees, the FMA plans a data-driven analytical review of fees
9th Oct 18, 2:00pm
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Amid growing frustration at the continuing increase in KiwiSaver fees, the FMA plans a data-driven analytical review of fees
Australian consumers are getting an inquiry into 'excessive' foreign currency conversion fees, so could their New Zealand counterparts also get one?
8th Oct 18, 12:17pm
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Australian consumers are getting an inquiry into 'excessive' foreign currency conversion fees, so could their New Zealand counterparts also get one?
Offshore operating NZ building society Pacific Eagle Capital, formerly General Equity Building Society, gets FMA infringement notice and $7,500 fine
5th Oct 18, 12:02pm
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Offshore operating NZ building society Pacific Eagle Capital, formerly General Equity Building Society, gets FMA infringement notice and $7,500 fine
Sales or profit incentives need to go for banks' top dogs - not just frontline retail staff - says head of Aussie royal commission
4th Oct 18, 4:00pm
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Sales or profit incentives need to go for banks' top dogs - not just frontline retail staff - says head of Aussie royal commission
Bank lobby group the New Zealand Bankers' Association developing an industry-wide whistleblower standard as FMA & RBNZ bank probe is labelled 'closed-door'
18th Sep 18, 5:03pm
Bank lobby group the New Zealand Bankers' Association developing an industry-wide whistleblower standard as FMA & RBNZ bank probe is labelled 'closed-door'