RBNZ places country’s largest bank under scrutiny
In May, central bank withdrew permission for ANZ Bank to assess its own operational risk capital
The Reserve Bank of New Zealand (RBNZ) placed the country’s largest lender, ANZ Bank, under scrutiny today (June 24), demanding two reports on its internal operations.
With these reports the RBNZ wants the bank “to provide assurance it is operating in a prudent manner”, says the central bank in a statement. In the first report, ANZ is required to provide information on its compliance with the RBNZ’s historical and current capital adequacy requirements. With the second, the central bank aims to
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