Reserve Bank says three of the big four banks are compliant
Reserve Bank says Westpac's non-compliance was serious.
The Reserve Bank says three of the four major banks have been complying with its requirement that all their internal models for calculating capital be approved by the central bank.
Earlier this month, the Reserve Bank censured Westpac for using 17 unapproved models out of a total of 35 and
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Jenny Ruth
Thu, 30 Nov 2017
Thu, 30 Nov 2017
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Reserve Bank says three of the big four banks are compliant
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