New Zealand’s main banks pass stress tests

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The four largest New Zealand banks have enough capital to withstand the most adverse scenarios of the annual stress tests carried out by the Reserve Bank of New Zealand, the central bank said on July 6.

“Outcomes from the test suggest that the four banks would be able to maintain capital levels above their minimum requirements during these scenarios,” says the stress test report.

The exercises were co-ordinated between the Australian Prudential Regulation Authority and the RBNZ. The Australian

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