March 24 (Reuters) - Reserve Bank of New Zealand:
- RBNZ TAKES ACTION OVER WEAKNESSES IN WESTPAC NZ’S RISK GOVERNANCE
- RBNZ- HAS ALSO REQUIRED THAT WESTPAC NZ PROVIDES A SEPARATE INDEPENDENT REPORT
- RBNZ- UNTIL RESERVE BANK IS SATISFIED THAT WESTPAC NZ’S REMEDIATION WORK IS COMPLETE, IT IS INCREASING THE BANK’S REQUIRED HOLDING OF LIQUID ASSETS
- RBNZ SAYS CONFIDENT THAT WESTPAC NZ’S CURRENT LIQUIDITY AND FUNDING POSITIONS ARE SOUND, AND THAT THE BANK IS WELL CAPITALISED
- RBNZ SAYS INDEPENDENT REPORT TO ASSESSES WESTPAC NZ’S RISK GOVERNANCE PROCESSES & PRACTICES APPLIED BY WESTPAC NZ BOARD AND EXECUTIVE MANAGEMENT
- RBNZ SAYS RESERVE BANK WILL WORK WITH WESTPAC NZ TO IMPLEMENT THE FINDINGS
Source text https://bit.ly/3cffI6U
(([email protected];))
March 24 (Reuters) - Reserve Bank of New Zealand: RBNZ TAKES...
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