ANZ CEO says he's taking Adrian Orr at his word on bank capital consultation

ANZ CEO says he's taking Adrian Orr at his word on bank capital consultation
Jenny Ruth
By Jenny Ruth May 1 (BusinessDesk) - ANZ’s New Zealand chief executive says he’s taking Adrian Orr at his word that the Reserve Bank governor has an open mind on bank capital requirements and will treat the current consultation period as genuine. David Hisco says Orr has personally assured him it will be a true consultation, in addition to Orr’s repeated public comments to that effect. That’s contrary to a prevailing view in business circles that Orr is adamant that the big four banks – and ANZ is the largest of the four – will be forc...

More Finance

Central banks slowly winning war on inflation
Finance

Central banks slowly winning war on inflation

But policymakers remain wary of rising prices. 

Bloomberg 16 Apr 2024
Greenslade to step down as Heartland announces Aus leadership
Finance

Greenslade to step down as Heartland announces Aus leadership

Heartland expects to complete the Challenger Bank acquisition by April 30. 

Staff reporters 08 Apr 2024
Suncorp flicks Asteron Life for $410 million
Finance

Suncorp flicks Asteron Life for $410 million

The NZ insurer will continue to operate as a standalone brand.

Staff reporters 04 Apr 2024
Fintechs don’t want Payments NZ in charge of open banking
Finance

Fintechs don’t want Payments NZ in charge of open banking

They say a divorce from the API Centre would avoid any chance of a conflict of interest.

Ben Moore 04 Apr 2024