TMM - News

Heartland outlines cost of RBNZ rules

Thursday 20th of December 2018

The recently-restructured lender has a capital ratio of 13.2% but would have to lift this to about 15% to meet the new central bank requirements. The central bank announced a consultation last week on the capital adequacy rules, designed to shore up the banking system and force lenders to hold 20%-60% of additional cash on their balance sheets. Economists at BNZ and Kiwibank believe the move wi...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.