ANZ is moving away from high risk and highly capital intensive activities in response to new regulatory requirements.
ANZ chief executive, Mike Smith, said yesterday that the impact of new Basel III regulatory reforms was becoming clearer and the bank was adjusting its business model in response.
Speaking at the release of the bank's 2011/12 results yesterday, Smith said: "We have to hold more capital and therefore there is more focus on the management of that capital.
"We have already made some early decisions about this, with the sale of our stake in Visa, disposal of...
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