Banking

24 May 18, 10:52am
Bank lobby group quickly backs away from idea it floated earlier this month of establishing a bad conduct register for naughty financial services workers
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23 May 18, 1:57pm
Westpac's David McLean says flat house prices for 20-30 years would gradually correct housing unaffordability without igniting the 'economic carnage' a big price drop would cause
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15 May 18, 1:05pm
Michael Wood, the Chairman of Parliament's Finance and Expenditure Select Committee, says summoning bank CEOs to appear before MPs is an ‘open and live option’  
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11 May 18, 1:47pm
FMA and RBNZ's response to revelations from Australian financial services Royal Commission appear 'rather desperate' and 'driven by being seen to be doing something'
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11 May 18, 5:00am
Schemes that deal with complaints people make about their financial service providers urge the Government not to go too far in making them report all the misconduct they see to regulators 
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9 May 18, 4:03pm
Questions raised over NZ's financial services consumer dispute resolution model with the four competing schemes incentivised to sell themselves to the industry
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9 May 18, 12:39pm
Commerce Commission probes problems with ANZ loan calculator that undercharged interest to about 100,000 customers
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8 May 18, 12:02pm
Westpac NZ CEO David McLean says Aussie Royal Commission chance for NZ to get a free ride, defends vertically integrated banking model, sees increased mortgage market competition
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4 May 18, 2:33pm
FMA & RBNZ tell banks the window for them to show consumers & regulators they can have full confidence in the NZ financial services industry is narrow with proactive leadership required
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4 May 18, 9:27am
Patrick Watson says free markets don't work well unless certain people lose - otherwise the entire system fails and everyone loses; which is happening right now
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3 May 18, 2:10pm
Banks' attempts to be more customer-centric by changing the way they incentivise staff slammed by union for being superficial; FMA optimistic about impact of financial advice and insurance contracts law changes 
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3 May 18, 10:01am
Gareth Vaughan probes the FMA & RBNZ's demand for NZ banks to prove they're better behaved than their Aussie parents & concludes the argument for a Royal Commission doesn't stake up at this point
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2 May 18, 4:21pm
The Finance Minister says he expects NZ banks to be able to prove they’re playing by the rules, in light of systemic problems in Australia; NZBA floats idea of industry-wide whistle-blowers’ standard
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2 May 18, 8:21am
ANZ NZ's message to its regulators in the wake of the Australian Royal Commission on Financial Services is 'come and have a look', CEO David Hisco says
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2 May 18, 7:39am
FMA's CEO Rob Everett & RBNZ Governor Adrian Orr tell NZ's big bank CEOs to prove their banks are different to their Aussie parents
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27 Apr 18, 12:03pm
Moody's Investors Service says about US$15 billion a year could be saved in money transfer fees through mass adoption of cryptocurrency transactions
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23 Apr 18, 1:46pm
Government pressures Payments NZ to have open banking technology and standards ready to go by the end of the year; says more competition will see banks and card companies lower merchant fees 
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23 Apr 18, 10:39am
Despite the revelations from Australia's Financial Services Royal Commission going from bad to worse, don't expect the local offshoots of Australia's big banks to face the same scrutiny in NZ
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18 Apr 18, 9:02am
What the NZ retail payments industry is doing to facilitate open banking and reduce merchant fees to keep the Government happy and avoid regulation
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17 Apr 18, 11:28am
Recently released documents show why officials had "serious concerns" about the state of HNA, as they blocked the $660 million sale of UDC to the Chinese global conglomerate
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