Briefs: ANZ using unapproved models in NZ, Cash converters and FSC appointments 16 April 2020 4:23PM Banking Day staff Briefs, ANZ, Appointments, Finance regulation, Major Banks, Other topics A second report commissioned by the Reserve Bank of New Zealand from Deloitte into ANZ's use of unapproved internal models has found further breaches of ANZ's New Zealand banking license. Deloitte found ANZ was still using 17 out of 33 unapproved wholesale credit models and had failed to properly maintain a number of approved models. It follows a December 2019 report which found the New Zealand directors of the bank, which was censured in May for using an unapproved operational risk capital model, had failed to take the necessary steps to ensure the bank was compliant. Consumer finance company Cash Converters has appointed two new non-executive directors, both with banking experience. Julie Elliott is a former chief executive of Bank of Sydney and Robert Hines has held senior executive roles at Bank of Queensland and Suncorp. Their first task will be to steady management; the company has lost a CEO and a CFO this year. Former head of government affairs for wealth at Westpac, Blake Briggs, has moved to the Financial Services Council, where he has been appointed deputy chief executive. It is a homecoming for Briggs, who was the FSC's senior policy manager, superannuation, before working at Westpac. He has also worked at the New South Wales Department of Workplace Relations.