August 22, 2019 / 3:36 AM / 2 months ago

NZ watchdog says ANZ unit did not a disclose deal as related party transaction

Aug 22 (Reuters) - New Zealand’s financial watchdog said on Thursday the local arm of Australia and New Zealand Banking did not disclose a property sale as a related party transaction in its 2017 financial statements.

New Zealand’s Financial Markets Authority said in a statement ANZ disagrees with the finding as it considers the transaction not to be material information.

Reporting by Devika Syamnath in Bengaluru; Editing by Muralikumar Anantharaman

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