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Reserve Bank slams Westpac over liquidity

RB has had ‘ongoing compliance issues’ with Westpac NZ, deputy governor says.

Maria Slade Wed, 24 Mar 2021

Westpac has been ordered to hold more cash and commission an independent inquiry after it was found to be in breach of the Reserve Bank’s liquidity policy.

“We have experienced ongoing compliance issues with Westpac New Zealand over recent years, most recently involving material failures to

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Contact the Writer: maria@nbr.co.nz
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Reserve Bank slams Westpac over liquidity
Business,
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