Reserve Bank orders ANZ reviews
The central bank wants the lender to provide two independent reports, one on compliance with capital adequacy rules, and another on internal governance, risk management and internal controls.
The reviews come at a period of turmoil for ANZ, which was reprimanded last month for using an outdated capital model, and saw its CEO step down last week over a personal expenses scandal.
The Reserve Bank punished ANZ for its capital modelling failings and forced it to adopt a new approach requiring an extra $277 million in risk capital.
While former CEO David Hisco left last week after revelations he had spent tens of thousands of dollars on chauffeur-driven cars and wine cellaring.
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