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.
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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.
This follows an emergency meeting between the
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Jenny Ruth
Fri, 04 May 2018
Fri, 04 May 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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NZ banking regulators deliver a two-week ultimatum to their charges
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