The ANZ–National Bank’s daily New Zealand-related processing is now all back in the country, following doubts expressed by the Reserve Bank about having some of it done overseas.
However, disaster recovery facilities remain in Melbourne, pending the completion of the Reserve Bank’s outsourcing policy, now in its final drafting stage (Computerworld, October 10), says senior manager of corporate affairs Robert Reid.
But if the Reserve Bank insists even the DR process will return to these shores.
Australia’s AAP news service quoted the bank’s CEO John McFarlane as saying that Australia was a better bet for security, particularly against seismic disasters, than either Auckland with its volcanoes or Wellington with its earthquakes. But Reid would not comment on whether the ANZ was trying to pressure the Reserve Bank to let it retain DR in Melbourne.
Paul Edwards, spokesman for the bank in Australia, verifies that McFarlane made the comments attributed to him by AAP, but says they do not represent a hard and fast position. “He’s saying we’ve got an option here, but if the Reserve Bank absolutely insisted on having the processing returned to New Zealand, we’d have to do that.”