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

 

Govt, Reserve Bank can stop ANZ Offshoring

Government and Reserve Bank can stop ANZ National offshoring in national interest

Bank workers union Finsec is calling on the Reserve Bank to step in and prevent ANZ National from sending 500 jobs and key bank functions to India and for the Government to support such a move.

“The Reserve Bank can protect New Zealand jobs. We are calling on the Reserve Bank to use all mechanisms it currently has and develop more if needed to stop this unnecessary attack on New Zealand workers and bank customers,”said Finsec Campaigns Director Andrew Campbell.

“The Reserve Bank can and should protect New Zealand bank customers from the risk posed by the proposal. If there is any failure of the operation in Bangalore, the impact on the bank’s ability to operate, ensure customer’s access to funds and meet their other requirements could all be in question,” said Finsec Campaigns Director Andrew Campbell.

In addition Finsec is calling for a change to Reserve Bank outsourcing policy by introducing a national interest provision, as the Government has done to the Overseas Investment Act. Campbell said the stability of our banking system is of huge strategic importance to New Zealand and needs to protected.

“The big banks have a major impact on our economy. As such we are calling on the Reserve Bank and the Government to ensure a national interest test is added to the outsourcing policy. This will help to protect jobs and future proof the impact of banks offshoring on the New Zealand economy,” said Campbell.

Campbell said that the Reserve Bank had to act to ensure that future incremental offshoring did not result in a threat to the stability of New Zealand’s banking system. “The Reserve Bank needs to act now.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Election Season: Scoop Launches New Q&A Website

Any Questions is a Q & A website where New Zealanders can ask the questions of political parties in the lead up to the election. This is part of our “Opening the Election” initiative.

It’s an easy way to find out party positions and allows you to view candidates’ answers side by side. It’s also a way for you to make your voice heard this election, and get the parties talking about the things that are important to you. More>>

 

Shiny And Chrome: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>

ALSO:

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election