Regulators say so far no evidence of systemic misconduct by NZ banks

Wed, 30 May 2018

By Rebecca Howard May 30 (BusinessDesk) - New Zealand's central bank and Financial Markets Authority so far haven't seen any evidence of "systemic and widespread" misconduct in a review of New Zealand banks, FMA chief executive Rob Everett told parliament's Finance and Expenditures select committee. "On the work to date, before the current scenario, I would say we've seen plenty that we think can and should be done better, but we have not seen evidence of systemic and widespread misconduct," Everett said. There is "very little that would...

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