New Zealand’s new capital standards at odds with Australia on ‘bail-in’

rbnz

The Reserve Bank of New Zealand (RBNZ) has released the new capital adequacy standards that will govern locally incorporated banks from January 1, 2013, and include rules related to ‘bail-inable' debt that appear at odds with similar rules due to come into effect in Australia.

The central bank issued a consultation document on the standards in September, and today (December 11) also released its response to the queries raised.

Many related to the rules governing loss absorbency when a bank

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