Wednesday, November 15, 2017

NZ Drifts Away From Republicanism

............. well, The Australian seems to think so.

From the business section:-

'Westpac has had its minimum regulatory capital requirements increased by the Royal Bank of New Zealand after the central bank found the lender failed to comply with regulatory obligations relating to its status as an internal models bank.'

2 comments:

Noel said...

No wonder some call it a rag.
Can't proof read Reserve in place of Royal.

Noel said...

No paywall here.
http://www.scoop.co.nz/stories/BU1711/S00465/westpac-capital-requirements-increased.htm