Deputy Prime Minister and NZ First leader Winston Peters says Sir John Key’s positions on both ANZ boards in New Zealand and Australia are a “massive” conflict of interest.
Speaking to TVNZ, Peters said: “I think it’s wrong that Mr Key can be at the head of ANZ New Zealand and sit on the Australian equivalent as well.”
He went on to discuss the bank’s Reserve Bank censure for failing to keep its capital risk modelling.
When asked if Key should stand down Peters said that wasn’t his role, and it was a question for the Governor of the Reserve Bank.
But he went on to say if he was the governor, he would have asked for Key’s resignation.
“The capital requirements are designed so we don’t end up like, for example Greece or Portugal, where there are people lined up for kilometres down the street trying to get their money out because the banks don’t have enough by way of reserve.”
Talk about hypocritical. Has he paid back to the taxpayer the $157,000 he pinched?
Supposed to have donated it to a charity, but the charity declined to accept it as it was tainted. Who is surprised that even a charity wouldn’t have anything to do with him. The taxpayer is still waiting.