Apr 5, 2016 - uses Instagram and Twitter to espouse his policy. In New .... on Facebook, Twitter, and Instagram to find out ...... Adele is an Associate Director.
FIPS Financial Institutions Performance Survey Review of 2016
February 2017
kpmg.com/nz
Contents 2
The Survey
80
Non-banks industry overview
4
A KPMG view from the editor
82
Non-banks – Industry overview
8
Banking industry overview
90
Looking back at the non-bank sector
10
Registered banks – Industry overview
92
Non-banks – Timeline of events
20
Registered banks – Timeline of events
94
Financial Services Federation
24
Registered banks – Sector performance
96
Non-banks – Sector performance
34
Registered banks – Analysis of annual results
102 Where is P2P lending at today?
42
Major banks – Quarterly analysis
104 Non-banks – Analysis of annual results
46
Review of bank directors’ attestation regime
108 Cyber security: It’s not just about technology
48
Sustainable performance requires good conduct
114 Registered banks – ownership and credit ratings
50
More legislation? Success is all about customer-centricity
115 Non-banks – Credit ratings
54
Transforming the agri‑food industry
117 Descriptions of the credit rating grades
58
Customers drive banking innovation
118 Definitions
60
Get ready to embrace digital disruption
119 KPMG’s Financial Services Team
62
Blockchain – time to understand the value
120 Contact us
66
IFRS 9 – Rising to the challenge
70
Generating a leading house price index
72
Productivity is a strategic imperative for New Zealand banks
74
What FATCA, GATCA and other tax changes will mean
76
Banking industry forecasts
116 Non-banks – Ownership
KPMG’s Financial Services team provides focused and practical audit, tax and advisory services to the insurance, retail banking, corporate and investment banking, and investment management sectors. Our professionals have an in-depth understanding of the key issues facing financial institutions. Our team is led by senior partners with a wealth of client experience and relationships with many of the market players, regulators and leading industry bodies.
2 | KPMG | FIPS 2016
FIPS 2016 | KPMG | 3
The Survey The KPMG Financial Institutions Performance Survey (FIPS) report of 2016 represents the 30th year KPMG has provided in-depth insights into New Zealand’s banking and finance sector. In this 30th edition publication we will be presenting industry commentary and analysis on the performance of the New Zealand registered banks and non-bank financial institutions, together with a range of topical articles from other key stakeholders such as industry experts, regulators and our own business line leaders. The survey covers registered bank and non-bank entities with balance dates between 1 October 2015 and 30 September 2016. As a result, entities with the balance date of 31 December will have their 31 December 2015 financial results included in this year’s survey as their most recent results. Those affected include Bank of China, China Construction Bank, Citibank, Deutsche Bank, Industrial and Commercial Bank of China, JP Morgan Chase Bank, Kookmin Bank, Rabobank and The Hongkong and Shanghai Banking Corporation. As this year marks the first full year of financial reporting from Bank of China and China Construction Bank, we hope the comparative figures presented will help develop a better
concerns of CEOs, and provides a clear picture of how today's business leaders are moving .... companies that are buffeted by the same macro trends affecting.
2016 KPMG LLP, a Canadian limited liability partnership and a member firm of the KPMG ... business environment has given rise to a number of reporting trends.
Customer loyalty is a concern for. 90 percent of CEOs. Just over half believe they are not keeping pace with customer expectations. Two-thirds of CEOs are concerned that their organizations are not disrupting business models. CEOs named data and anal
businesses, coupled with this smoothing of demand, ... potentially high cost to their business. ... to identify and analyse trends impacting the retail industry.
2016 Banking Industry Outlook Survey foresee revenue growth over the next year. Approximately ... And quickly. Today, any and all parts of a bank's business model are fair game. ..... This is a trend that must tick upward to help drive the.
KPMG in India has been at the forefront, dispensing ..... last study published, showcases that email- ... to sensitive data and information on corporate network.
cybersecurity programme objectives through their board room ... on cybersecurity and cybercrime. The dangers we ..... (IoT, cloud, mobility, Robotic Process.
What department do you currently report into? Finance. Logistics. International trade and customs. Supply chain. Tax. Legal. Procurement. Internal compliance.
2016 KPMG LLP, a Canadian limited liability partnership and a member firm of ...... (USD). Reserves. 1,000. 1,449. 1,168. 1,200. Resources. 1,100. 1,500. 1,314.
Financial Services Providers (www.fsb.co.za) to provide advisory and/or intermediary services in ... Financial Advisory and Intermediary Services Act 37, 2002.
development of these new economic 'engines' in China ...... New York-based Baccarat Hotel from Starwood Capital .... Mobile app developers, for their part,.
Oct 13, 2016 - explore these trends and other issues that matter to VC investors around the world and reflect ... number of questions that will affect the VC market heading into final quarter of 2016, including: ... size or stage of your business.
