TMM - News
BNZ censured over capital failings
Tuesday 19th of November 2019
The Reserve Bank said BNZ identified errors "during a process of remediation" which began in early 2018 and will continue through 2020. BNZ made three capital calculation errors, which resulted in "misreported risk-weighted assets over a number of years".
The RBNZ said it had "increased its supervisory monitoring" of BNZ and applied "precautionary adju...
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