Finance

Banks hand RBNZ identifiable customer data

Jenny Ruth
Fri, 26 Nov 2021

Banks hand RBNZ identifiable customer data
ASB chief executive Vittoria Shortt. (Image: supplied)
Jenny Ruth
Fri, 26 Nov 2021
The Reserve Bank has been demanding identifiable data on commercial banks' customers and at least one bank, ASB Bank, has been providing it without telling those customers they were doing so.However, both the Reserve Bank of New Zealand (RBNZ) and the banks are playing down the significance of this, claiming the central bank had already revealed this after it made public early this year that the central bank's data had been hacked. The RBNZ has previously acknowledged that "commercially and personally sensitive information&quo...

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