Reserve Bank’s censure of ANZ sends a clear message to the ‘big four’

Reserve Bank’s censure of ANZ sends a clear message to the ‘big four’

OPINION: The Reserve Banks' censure of ANZ for 'persistent weakness in process', and stripping its right to calculate how much risk capital it requires, is a very serious ruling. It's not just the naughty step, it's the banking equivalent of jail time,...

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OPINION: The Reserve Banks’ censure of ANZ for ‘persistent weakness in process’, and stripping its right to calculate how much risk capital it requires, is a very serious ruling. It’s not just the naughty step, it’s the banking equivalent of jail time, and the ANZ will …