Reserve Bank revokes ANZ privileges
Regulator cites ‘persistent failure’ of controls at big Aussie-owned bank.
Tim Hunter
Fri, 17 May 2019
ANZ Bank New Zealand must stump up extra equity capital of $277 million after the Reserve Bank withdrew its privilege to measure its own operational risk capital needs.
All banks are required to fund their operations with certain minimum levels of equity as a percentage of their risk-adjusted
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Tim Hunter
Fri, 17 May 2019
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