Kiwibank secured a reprieve over two convertible capital instruments, which the Reserve Bank of New Zealand will once more allow to be counted as regulatory capital. In March the RBNZ surprised the bank with a ruling that NZ$250 million in two hybrid securities, dating from 2014 and 2015, were no longer eligible. Kiwibank this week said the RBNZ "issued a new notice of non-objection ... this means that Kiwibank can again treat the Kiwibank Bonds as regulatory capital." Mark Degotardi, chief executive officer of the Customer Owned Banking Association, will leave at the end of the month, after 14 years working with the industry lobby for mutual banks and credit unions. There is no word on his next job or plans.  Dominic Dunn, COBA's head of corporate and business services, will be acting CEO from 1 September. The performance of all Australian car loan securitisation programs deteriorated in 2Q 2017, the first sign of an emerging year-long trend, according to Moody's Investors Service. The average 30-plus day delinquency rate rose to 1.74 per cent at 30 June 2017, up from 1.53 per cent at 31 March 2017 and 1.46 per cent at 30 June 2016. During 2Q 2017, lower exposure to better performing receivables such as novated leases, and higher exposure to worse performing receivables such as consumer loans, accounted for a portion of the higher delinquencies. Moody's expects delinquencies to increase moderately through 2017. Suncorp-Metway Limited, rated A1 by Moody's and A+ by both S&P and Fitch, has priced a A$500 million five-year senior unsecured floating rate note transaction, due 16 August 2022. The deal is priced at par, 100.00 per cent, with a coupon of 97 basis points over three-month BBSW. Joint lead managers are ANZ, CBA, Citigroup, and Westpac. The settlement date is 16 August 2017. ASIC has confirmed ANZ Group will pay an additional A$10.5 million compensation to 160,000 superannuation customers affected by breaches within the OnePath group between 2013 and 2016. From early 2013 to mid-2015 around 1.3 million OnePath customers were affected by breaches, requiring refunds and compensation of around $4.5 million, rectifications and other remediation of around $49 million. ASIC also confirmed finalisation all recommendations made by an independent review of OnePath's business activities and, later, the company's compliance functions. The review addressed OnePath's life and general insurance, superannuation, and funds management activities.