Bank capital proposals already impacting capital markets

Wed, 13 Mar 2019

By Jenny Ruth March 14 (BusinessDesk) - Final decisions on the Reserve Bank’s proposed capital requirements for banks won’t be made until the September quarter but they are already having an impact on capital markets. They are one reason that New Zealand 10-year wholesale interest rates fell to a record low on Wednesday. The day before the central bank announced its proposals on Dec. 14, the 10-year swap rate ended trading at 2.78 percent. It closed yesterday at 2.31 percent and was recently quoted at 2.335 percent. The Reserve Ban...

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