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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
Australia
2 mins to read

ANZ chief calls for consistent regulations for Pacific banking

Banks are reducing their presence in the region due to cost and risk, says the ANZ chief.

Pago Pago, American Samoa, where ANZ exited in 2022.

ANZ Bank chief executive Shayne Elliott has called for common laws and consistent regulation across the Pacific to reduce risk and make it more attractive for banking providers to stay in the region.

Addressing the Pacific Banking Forum in Brisbane on Monday, Elliott said banking in the Pacific was

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Lachlan Colquhoun Mon, 08 Jul 2024
Contact the Writer: lachlan@nbr.co.nz
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ANZ chief calls for consistent regulations for Pacific banking
Australia,
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