All posts tagged "Roger Beaumont"
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382Australia & NZNew Zealand: Responsible Lending Rules to Change on 7 July
Responsible lending laws introduced in December have been blamed for causing tighter credit conditions for New Zealand borrowers.
June 17, 2022 -
387Australia & NZNew Zealand to Revise Responsible Lending Rules
The new rules, introduced in December, were designed to protect the vulnerable but are making it more difficult for borrowers to obtain loans.
March 16, 2022 -
444Australia & NZ
New Responsible Lending Laws Take Effect in New Zealand
The new law requires lenders to act responsibly at all times. They can be forced to refund interest, fees and damages for failing to do so.
December 1, 2021 -
3.9KAustralia & NZNew Zealand to Introduce Deposit Guarantee Scheme by 2023
The NZBA's Roger Beaumont says banks should pay lower levies compared to non-bank deposit takers because they are less likely to call on the scheme.
April 23, 2021 -
299Australia & NZNew Zealand Ends Loan Repayment Deferral Scheme
Banks are continuing to work with borrowers who still need help to get back on track, says NZBA chief executive Roger Beaumont.
April 5, 2021 -
1.3KAustralia & NZNZBA Issues Guidelines for Banks on Serving Customer Needs
The guidelines were developed in consultation with the FMA and build on the banking industry’s work following the 2018 conduct and culture review.
October 3, 2020 -
1.1KAustralia & NZNew Zealand Expands Business Finance Guarantee Scheme
The maximum loan amount and maximum term are being increased, and more businesses will have access to the scheme, until 31 December.
August 21, 2020 -
789Australia & NZRBNZ Extends Mortgage Deferral Scheme Another Six Months
The extension means banks can continue to offer temporary mortgage deferrals to their customers without the loans being treated as in default.
August 18, 2020 -
735Australia & NZ
New Zealand: Mortgage Deferrals Will Not Impair Credit Ratings
Banks have agreed with credit reporting agencies that customers who defer mortgage repayments due to Covid-19 will not have their credit ratings downgraded.
April 10, 2020 -
766Australia & NZ
RBNZ Closes Bank Capital Consultation, NZBA Calls for Rethink
The RBNZ's capital proposals have been under fire since December. The NZBA is the latest to call for a rethink of the capital rules, citing economic costs estimated over NZ$1.8bn a year.
May 22, 2019
