Westpac, BNZ see sense in RBNZ's capital review, less convinced on outsourcing policy

Mon, 08 May 2017

By Paul McBeth May 9 (BusinessDesk) - Westpac New Zealand and Bank of New Zealand are relatively sanguine about the need for the Reserve Bank's review of required capital levels to boost confidence in the solvency of the banking system, but see the regulator's planned outsourcing policy as simply adding unnecessary costs. The local units of Australia & New Zealand Banking Group, Westpac Banking Corp and National Australia Bank had total quality capital ratios of 13.8 percent, 12.8 percent and 13.3 percent respectively, comfortably above...

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