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

RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025
Wow. It’s all basketball!
Finance

Wow. It’s all basketball!

US investment in basketball is lapping at our shores in more ways than one.

Pattrick Smellie 25 Mar 2025
FMA files criminal charges against David McEwen
Finance

FMA files criminal charges against David McEwen

New Zealand’s financial watchdog has filed criminal charges against former financial adviser David McEwen for allegedly failing to comply with a stop order, which prevented him from contacting potential investors.The Financial Markets Authority (FMA) had made a permanent stop ord...

Staff reporters 18 Mar 2025