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Australia
2 mins to read
1

ANZ chief calls for consistent regulations for Pacific banking

Banks are reducing their presence in the region due to cost and risk, says the ANZ chief.

Pago Pago, American Samoa, where ANZ exited in 2022.

Lachlan Colquhoun Mon, 08 Jul 2024

ANZ Bank chief executive Shayne Elliott has called for common laws and consistent regulation across the Pacific to reduce risk and make it more attractive for banking providers to stay in the region.

Addressing the Pacific Banking Forum in Brisbane on Monday, Elliott said banking in the Pacific was

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Lachlan Colquhoun Mon, 08 Jul 2024
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
Pacific business Shayne Elliott ANZ Bank ANZ Banking Group Pacific Islands banking & finance
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ANZ chief calls for consistent regulations for Pacific banking
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