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Wednesday, November 15, 2017

Westpac NZ hit with capital punishment

November 15, 2017 0 comments
Westpac's New Zealand subsidiary has been ordered to increase the amount of capital it holds after the bank failed to comply with local governance standards. The Reserve Bank of New Zealand on Wednesday said Westpac NZ had used unapproved capital models since 2008. The RBNZ said a report uncov...
Westpac NZ hit with capital punishment
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