NZ banking regulators deliver a two-week ultimatum to their charges
Local evidence suggest New Zealand banks aren't so different from Australia. After a slow burn, the FMA and RBNZ are finally acting.
Jenny Ruth Fri, 04 May 2018
It’s been a slow burn but Financial Markets Authority chief executive Rob Everett and Reserve Bank governor Adrian Orr have given the banks a two-week ultimatum to provide evidence that they don’t share the shortcomings of their Australian parents.