RBNZ to impose 18% capital ratio on big banks
Central bank finalises plans for substantial increase in minimum capital requirements
The Reserve Bank of New Zealand is going ahead with plans for a sharp increase in banks’ minimum capital requirements, pushing the total for big banks up to 18%.
The central bank finalised its capital review today (December 5), with only relatively small changes to its original proposals, despite strong resistance from the financial industry.
The proposals, published in December 2018, originally envisaged a 16% Tier 1 capital ratio and 18% total capital ratio for New Zealand’s four largest
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