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

 

Bank workers call for greater regulation

For immediate release

19 February 2008

Bank workers call for greater regulation of industry to create Better Banks

Bank workers’ union Finsec is kick starting its Better Banks industry campaign for 2008 with a series of union meetings around the country and a call for legislation to provide greater public control over the way the finance sector operate in New Zealand.

“Given events in the global finance sector in recent months, the lack of strong regulation of our finance sector represents a risk to our economy and society,” said Andrew Campbell, Finsec Campaigns Director. “Banking is now the world’s most profitable industry and New Zealand’s major banks made more than $2 billion profits last year alone, much of which went offshore. It’s not enough to have one “kiwi” bank – we need all banks to act in the interests of Kiwis."

Union members will attend over 100 meetings in 47 locations through February and March to discuss a Better Banks: Agenda for Change, a suite of proposals that aim to advance the quality of employment and customer service within the New Zealand banking industry.

“Our package is designed to increase stability in the finance sector and improve services for communities,” said Campbell. “One of our expectations is that Australian-owned banks should lead the push for fair pay in New Zealand by helping to close the gap between Australian and New Zealand wages."

Campbell said that the banks could be doing much more to provide training for staff in New Zealand and to modernise their approach to industrial relations. “By working with unions across the industry, banks can repeat last year’s successes of good pay increases without sacrificing their more than healthy profits."

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gita: Hundreds Of Callouts For Fire And Emergency

Overall, Fire and Emergency received 1302 calls from midday yesterday to 6’oclock this morning, with a large proportion of those calls being weather-related...

Local states of emergency are still in place for Taranaki, Christchurch City, Buller, Grey, Selwyn, Westland, and Nelson and Tasman districts. More>>

'It Was Literally Like A Wall Of Water'
About 6000 people are still trapped in Golden Bay as rain caused slips, and the Takaka River, flowing at 980 cubic metres per second, flooded onto pastures. More>>

ALSO:

 
 

CPTPP Deal: Text And National Interest Analysis Released

“New Zealand has been working hard to see the text made public as quickly as possible,” Mr Parker says... An analysis suggests it could be worth up to $4 billion a year to the New Zealand economy once fully implemented. More>>

ALSO:

Reviews: Three-Year Work Programme For Education

The work programme includes the NCEA review, a review of Tomorrow’s Schools, developing a future-focused Education Workforce Strategy, a continuous focus on raising achievement for Māori and Pasifika learners, an action plan for learning support, an early learning strategic plan, a comprehensive review of school property. More>>

ALSO:

Kauri Protection: Waitākere Forest Closure Proposed

At the 20 February meeting of the Environment and Community Committee, the council proposed to close the forested areas of the Waitākere Ranges Regional Park, with some exceptions, by 1 May 2018. More>>

ALSO:

Accommodation Allowance: PM, Deputy Were Paid While In Official Residences

Department of Internal Affairs officials advised the Prime Minister and Deputy Prime Minister late yesterday of the administrative error which has seen them receive Wellington accommodation payments since they moved into official residences. More>>

'Hit And Run' Raid: NZDF Had Reports Of Civilian Casualties

The NZDF received intelligence updates within one or two days of the August 2010 SAS raid in Afghanistan that reported civilian casualties, including the death of a child, new OIA documents reveal... it appears they did not bother to investigate nor made any effort to help the victims. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages