4 Dec 2019

Banks wary ahead of regulatory capital requirements review

From Nine To Noon, 9:43 am on 4 December 2019
Finance - coins, calculator and table of figures.

Photo: 123RF

The Reserve Bank will release its highly anticipated final decisions in its biggest ever review of banks' regulatory capital requirements tomorrow at noon. It has proposed both significant increases to the amount of capital banks must hold, and improvements to the quality of regulatory capital to guard against a financial crisis. Banks meanwhile, warn the requirements are excessive, would  slow economic growth, lift interest rates, and disadvantage smaller New Zealand owned banks.