Question still unanswered is why is Orr even getting involved and asking for them to prove they don’t have a bad culture in NZ
Orr (or RBNZ) banking supervision powers are about the maintenance of a “sound and efficient” financial system .......not about market conduct.
Dangerous if he just wants to be a ‘popular’ governor jumping on every bandwagon ...and seen to be in bed with the MoF
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