Earlier this week I interviewed Mark Wilkshire, the CEO of the Co-operative Bank, from his Wellington office.
We talked about:
the current situation in the economy and housing market;
how changes to capital requirements for banks is affecting the bigger and smaller banks, and the need for a level playing field;
the effects of the renewed Loan to Value Ratio restrictions and the new Debt to Income multiple controls;
how the new Deposit Compensation Scheme is progressing, including how there’s been a pick-up in term deposit savings at The Co-operative Bank; and,
how banks and insurers are assessing the effects of climate change.
Chapters
00:00 Introduction to the Cooperative Bank
02:49 Current Economic Climate and Customer Sentiment
05:50 Capital Requirements and Regulatory Changes
09:01 Lending Controls and Their Impact
11:48 Deposit Guarantee Scheme and Market Changes
14:55 Extreme Weather Events and Climate Risks
29:59 Future of Banking in a Changing Environment
The transcript of the conversation is above and I welcome comments below from subscribers.
cheers
Bernard
