Credit Law Reform Panel Discussion


Financial Advice NZ will bring its webinar series to an end during the next few weeks, but has two more planned for May.

The organisation’s CEO Katrina Shanks says her Bring in the Expert webinars have had more than 4,500 people take part so far.

These webinars have been hugely successful,” she says. “However, over the next few weeks we will be winding up the series and delivering webinars less regularly as advisers return to a more business-as-usual status.”

Coming up on Wednesday 27 May at 10am is a webinar looking at consumer borrowing and Covid-19 titled: How are Kiwi households weathering the crisis?

“We are excited to host a panel of consumer borrowing experts to discuss the government’s relief packages alongside the Credit Contracts and Consumer Finance Act, and how both impact your personal and business clients,” says Shanks.

Katrina Shanks, CEO, Financial Advice NZ.
Katrina Shanks, CEO, Financial Advice NZ.

Taking part in the webinar will be Liz Lim, a partner at law firm Dentons Kensington Swan. Lim is a partner in the firm’s banking and finance group and has more than 15 years’ New Zealand and international experience acting for borrowers, lenders, originators and trustees.

In addition, Jon Duffy, CEO Consumer New Zealand, will be taking part. He has more than 20 years’ experience working in the consumer field.

And joining them will be Cushla Scholfield, Acting Associate General Counsel (retail and business banking) ANZ Bank.

Shanks says: “The speakers will give a big picture view of where we’re at with the consumer credit law reform package, options available in terms of government relief packages and the perspective of small businesses and the retail bank when considering the financial implications of taking up these options.

To register for the consumer borrowing webinar click here.

On Thursday 28 May at 10am the Reserve Bank (RBNZ) Deputy Governor & GM of Financial Stability, Geoff Bascand, is to take part in a Financial Advice NZ webinar.

Shanks says the RBNZ is to release the first Financial Stability Report of the year on Wednesday 27 May.

The Deputy Governor will present an assessment of the soundness and efficiency of the New Zealand financial system, and the risks and challenges it is currently facing,” says Shanks.

Areas of interest to advisers will be the impact of Covid-19 on New Zealand, financial market developments and interest rates, business lending, LVR considerations, house price inflation and household sector indebtedness, the soundness of New Zealand’s banks and the insurance sector, just to name a few.”

Bascand oversees the RBNZ’s financial stability functions, forming and implementing policies to promote a sound and efficient financial system, regulating and supervising financial institutions, and collecting and reporting financial data and statistics.

To register for the Geoff Bascand webinar click here.