National Australia Bank has hired Macquarie Capital and Morgan Stanley to help prepare its MLC wealth management division for sale, reports the AFR's Street Talk column. Thus, after a beauty parade, NAB has picked the same investment banks that were tapped to work on NAB's A$5.5 billion equity raising in 2015 and helped offload its UK banking arm CYBG in 2016. The AFR, citing "sources", said NAB had not settled on a plan to divest itself of the largest retail superannuation fund in Australia. NAB has insisted the sale of MLC is not a reaction to revelations in the Hayne royal commission, but instead is a re-focus on return on equity. Despite an increasingly crowded market of ever-hopeful "regtech" suppliers emerging in Australia, Bendigo and Adelaide Bank has chosen Wolters Kluwer's OneSumX to provide the regulatory reporting software for its operations in Australia. David Rule, Australia and New Zealand account manager at Wolters Kluwer's finance, risk and reporting business, said his division has added five ADIs to its client base in the past two months.  The third and final bulletin article on the potential for central bank-issued digital currencies has been published by the Reserve Bank of New Zealand. It weighs up the pros and cons, and concludes that the many cons mean more research is needed to decide whether it would be possible to issue a central bank digital currency to the public or whether it would pose such "large and significant costs on financial stability and monetary policy" as to be impractical.