Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Need for wider enquiry into banking

Reserve Bank's questionnaire raises need for wider enquiry into banking

"Reserve Bank Governor, Alan Bollard, in his speech to the Institute of Directors in Christchurch, highlights for us some gaps in care for New Zealand bank customers and staff," said Andrew Casidy, General Secretary of the bank workers' union, Finsec.

"In this country, bank management of staff and their issues needs to improve and so do the resources they are given to manage with.

"These are problems that can only be addressed in a wider enquiry into banking than the Reserve Bank is able to conduct

"The Reserve Bank is properly concerned with the financial assets of banks, their understanding of the aims and risks of their business and the independence, rigour and openness of their auditors and their boards, and they have sent out a questionnaire to New Zealand banks on these issues.

"The Reserve Bank is questioning the platform. But our members are questioning the unsteady structure beneath it.

"Our work/life balance questionnaire to bank staff shows that they are concerned about inadequate staffing levels and not enough training.

"These are the issues that can make a difference both to bank customers and to bank profits, here and now, and with political will they can be solved.

"We want to see a government enquiry than can bring real results for the New Zealand customers and staff of banks," Andrew Casidy concluded.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Veronika Meduna: The Kaikoura Rebuild

A Scoop Foundation Investigation

Friday will be a big day for people north of Kaikōura – and for hundreds of construction workers who are racing to reopen State Highway 1 in time for the holiday season.

By the afternoon, the South Island’s main transport corridor will be open to traffic again, more than a year after a magnitude 7.8 earthquake mangled bridges and tunnels, twisted rail tracks and buried sections of the road under massive landslides. More>>


BPS HYEFU WYSIWYG: Labour's Budget Plans, Families Package

“Today we are announcing the full details of the Government’s Families Package. This is paid for by rejecting National’s tax cuts and instead targeting spending at those who need it most. It will lift 88,000 children out of poverty by 2021." More>>


Gordon Campbell: On Defence Spending, Alabama, And Dolly Parton

The spending lavished on Defence projects to meet the risks that could maybe, possibly, theoretically face New Zealand in future is breath-taking, given how successive governments have been reluctant to spend even a fraction of those amounts on the nation’s actual social needs. More>>


Members' Bills: End Of Life Choice Bill Passes First Reading

The End of Life Choice Bill in the name of David Seymour has been sent to a select committee for consideration by 76 votes to 44. It is the third time Parliament has voted on the issue in recent decades and the first time such a Bill has made it over the first hurdle. More>>


State Sector: MPI Survives Defrag Of Portfolios

The Ministry for Primary Industries will not be split under the new government, but will instead serve as an overarching body for four portfolio-based entities focused on fisheries, forestry, biosecurity and food safety. More>>


Gordon Campbell: On Vulnerable Kids, RNZ Funding, And Poppy

The decision to remove the word ‘vulnerable’ from the Ministry for Vulnerable Children could well mark a whole shift in approach to the care of children in need... More>>





Featured InfoPages