‘More effort’ needed to protect financial stability – RBNZ’s Orr
Central bank determined to raise capital requirements and improve behaviour in finance
“More effort is required” to ensure the financial system remains resilient in the long term, the Reserve Bank of New Zealand’s Adrian Orr said today (November 27).
Presenting the RBNZ’s latest financial stability report, the governor hinted that the central bank would be going ahead with mooted plans to raise capital requirements. It will publish the final outcomes of its capital review on December 5.
“We do remain committed to bolstering the robustness of the financial system, and we see
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