TMM - News

Reserve Bank proposals to boost non-banks: S&P

Monday 25th of February 2019

The credit specialist and rating agency believes RBNZ proposals in their current form will require banks to store an extra $13 billion in tier one capital, an increase of a third on current levels. The proposals, led by governor Adrian Orr, will be put through a period of consultation and may be watered down over the five year consultation period.

RBNZ deputy governor Geoff Bascand, (pi...

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