Bank capital rule changes another weapon aimed at housing market

Bank capital rule changes another weapon aimed at housing market
House prices are falling and tighter bank capital rules are contributing. (Image: NZME)
Jenny Ruth
In a few weeks, we'll get to see the impact of one of the Reserve Bank's more obscure changes to bank capital requirements, which could be delivering yet another kick to an already subsiding housing market.The change affects only the four major banks. Back in the mid-2000s, the RBNZ reluctantly agreed to allow the big four to use their own internal models for calculating how much capital they required, rather than the standardised models the smaller banks have to use.The reluctance was an understandable desire to have all banks obe...

More Finance

Fast-food chain float could give Fonterra a steer
Finance

Brian Robins: Fast-food chain float could give Fonterra a steer

After a dearth of IPOs, all eyes are on Guzman y Gomez. 

Brian Robins 20 Jun 2024
Whineray appointed new Jarden chair
Finance

Whineray appointed new Jarden chair

Fraser Whineray quit as Fonterra's chief operating officer in July 2023.

Murray Jones 19 Jun 2024
Bluebird improves profits after investment in Wiri site
Finance

Bluebird improves profits after investment in Wiri site

Bluebird Foods NZ has posted a profit of $13.2m for the year ended December 2023.

Staff reporters 18 Jun 2024
The danger of seeking out a returns Booster
Finance

Paul McBeth: The danger of seeking out a returns Booster

The FMA needs to move swiftly in its bid to be a related party pooper.

Paul McBeth 18 Jun 2024