Scoop has an Ethical Paywall
MWNZ Calls For ANZ NZ Chairman To Step Aside During Investigation Into Manipulation Of Interest Rates By ANZ
MWNZ has called for the Chair of ANZ NZ , who is also an ANZ Australia board member to step aside to remove conflicts of interest during a serious regulatory investigation into interest rate manipulation
ASIC ( Australian Securities Investment Commission )is now escalating its investigation into possible interest rate manipulation during Government Bond deals , and the NZ Commerce Commission has announced it will investigate whether this has impacted NZ consumers .
Best practise governance from the ANZ would facilitate an independent enquiry and board members stepping aside.- this has not happened .
MWNZ is consulting major shareholders of the ANZ to resolve this ESG matter in accordance with best practise and we would hope that the ANZ resolves this serious conflict soon.
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