Aussie regulator beats up on New Zealand banks – but refuses to talk about it
A directive from Australia's banking regulator is likely to lead to more cautious lending in New Zealand, higher interest rates here and possibly a downgrade of the local branches and subsidiaries' credit ratings.
A directive from Australia’s banking regulator is likely to lead to more cautious lending in New Zealand, higher interest rates here and possibly a downgrade of the local branches and subsidiaries’ credit ratings.
Essentially, the Australian Prudential Regulation Authority (APRA), is requiring the
