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.
Jenny Ruth Fri, 03 Jun 2016
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
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