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ANZ under the gun to clean up its act in NZ

RBNZ wants proof that scandal-hit lender is operating prudently; DPM calls for bank's chairman to step down

ANZ's local unit was asked for reports on its compliance with central bank capital adequacy requirements and to assess the bank's internal governance, risk management and internal controls.


NEW Zealand's deputy prime minister on Monday called on the chairman of the local unit of Australia and New Zealand Banking Group to step down as regulators ramped up pressure on the lender to improve its internal risk controls and governance.

Deputy Prime...

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