New Zealand proposes partial earlier adoption of Basel III capital requirements
The Reserve Bank of New Zealand (RBNZ) is proposing to implement the capital conservation and countercyclical buffers of the Basel III framework in full from January 1, 2014 – two years ahead of the timetable set down by the Basel Committee.
The proposals were included in a consultation paper, Further elements of Basel III capital adequacy requirements in New Zealand, which the RBNZ released last week. In addition, banks will have to meet the minimum capital ratios in full from 2013, as set out
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