March 24 (Reuters) - Westpac Banking Corp (WBC) :
- WESTPAC NEW ZEALAND TO COMMISSION INDEPENDENT RISK REVIEWS-WBC.AX
- WESTPAC NEW ZEALAND ACKNOWLEDGES IMPORTANCE OF LIQUIDITY AND RISK GOVERNANCE OBLIGATIONS AND WILL SUPPORT INDEPENDENT REVIEWERS
- WNZL HAS TAKEN A NUMBER OF STEPS TO IMPROVE RISK GOVERNANCE BUT RECOGNISES MORE WORK IS REQUIRED
- WNZL SUPPORTS ADDITIONAL OVERSIGHT THAT INDEPENDENT REPORTS WILL PROVIDE
- BREACHES OF RBNZ'S LIQUIDITY POLICY WERE PREVIOUSLY REPORTED TO RBNZ AND APRA
- REVIEWS APPLY ONLY TO WNZL AND NOT GOVERNANCE PROCESSES OF WESTPAC BANKING CORPORATION IN AUSTRALIA OR ITS NEW ZEALAND BRANCH
- WILL SUPPORT INDEPENDENT REVIEWERS TO PROVIDE NECESSARY REPORTS TO RESERVE BANK
- WNZL WILL ALSO ACT PROMPTLY ON ANY RECOMMENDATIONS FROM REVIEWS
March 24 (Reuters) - Westpac Banking Corp (WBC) : WESTPAC NEW...
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