Banks wary ahead of regulatory capital requirements review
Nine To Noon
English - December 03, 2019 20:43 - 9 minutes - 8.55 MB - ★★★★★ - 8 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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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.