RBNZ, FMA reviewing responses in bank conduct/culture review

Mon, 01 Apr 2019

By Paul McBeth April 2 (BusinessDesk) - The Reserve Bank and Financial Markets Authority have received responses from the 11 banks in their joint conduct and culture report. But it will take weeks before the regulators say anything publicly. The lenders were told to lift their game by the regulators in a four-month review of the sector, and were given until March 31 to respond to various issues identified by the RBNZ and FMA report. The regulators today said they have received responses from all banks involved, and will spend several...

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