RBNZ places country’s largest bank under scrutiny

ANZ must report on director oversight and capital levels

reserve-bank-of-new-zealand
Reserve Bank of New Zealand

The Reserve Bank of New Zealand placed the country’s largest lender, ANZ New Zealand, under scrutiny on June 24, demanding two reports on its internal operations.

The RBNZ wants the bank “to provide assurance it is operating in a prudent manner”, the central bank says 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 assess the bank’s

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