ACT Party leader David Seymour has accused the Financial Markets Authority and Reserve Bank of having "gone rogue" by conducting a review of the banks. ACT MP David Seymour has accused the Financial Markets Authority and the Reserve Bank of going "rogue" with their review of banks. In a joint statement, the RBNZ and FMA rejected the ACT MP's criticism. But in a joint statement, the RBNZ and FMA said the review was legal. "We do not have specific regulatory standards for banking conduct, enforceable by either agency," thier joint statement said.

Source: Stuff November 08, 2018 03:43 UTC