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Westpac's NZ unit breached capital requirements - NZ central bank
November 15, 2017 / 1:31 AM / a month ago

Westpac's NZ unit breached capital requirements - NZ central bank

SYDNEY, Nov 15 (Reuters) - Westpac Banking Corp’s New Zealand unit has breached capital requirements, New Zealand’s central bank said on Wednesday.

The Reserve Bank of New Zealand said it had ordered Westpac to increase its minimum capital levels until it had rectified its non-compliance.

A Westpac representative in Australia did not have immediate comment.

Reporting by Paulina Duran; Editing by Byron Kaye

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