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 reach
- A route to economic growth – The Belt and Road Initiative 2018 survey
- Policymakers should act now to prevent next crisis – IMF panellists
- Dudley backs floor-based system for setting monetary policy
- The Bank of Italy’s approach to risk-based budgeting
- Asian Infrastructure Investment Bank – Raising expectations