UPDATE: Financial regulators peak body meets today as banks feel pressure to prove good behaviour

Wed, 02 May 2018

(Adds comment from Bankers Association starting in the seventh paragraph) By Pattrick Smellie May 2 (BusinessDesk) - A little-known peak body of government agency chief executives will meet this afternoon to discuss next steps as New Zealand regulators step up pressure on the country's largest banks to prove they're not indulging in the kinds of sharp business practice uncovered in Australia last month by a royal commission of inquiry into the banking sector. The meeting of the Council of Financial Regulators will bring together the he...

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