Reserve Bank orders Westpac to hold more capital after regulatory breach
Westpac's errors weren't deliberate, the central bank says.
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The Reserve Bank has ordered Westpac to hold greater levels of capital than the other banks after the Australian-owned bank failed to comply with its regulatory obligations.
The central bank, which is also the banking regulator, says an independent report it ordered found that of Westpac’s 35
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Jenny Ruth
Wed, 15 Nov 2017
Wed, 15 Nov 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Reserve Bank orders Westpac to hold more capital after regulatory breach
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