Deloitte says Westpac NZ has made progress, RBNZ pleased

(Image: Supplied)

Mon, 30 May 2022

Westpac NZ welcomes the findings of an independent review by Deloitte into the bank’s liquidity risk controls and risk culture, and says it is concentrating on completing the remaining actions.Deloitte’s report was released today by the Reserve Bank of New Zealand (RBNZ).The RBNZ had required Westpac NZ to commission the review following the identification of breaches of its Liquidity Policy (BS13) and potential non-compliance identified through the RBNZ’s liquidity thematic review.Westpac NZ chief executive, Catherine McGrath...

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