Bankers' Assn says RBNZ bank capital proposals would hurt the economy

Sun, 19 May 2019

By Jenny Ruth May 20 (BusinessDesk) - The New Zealand Bankers' Association is calling for a rethink of the Reserve Bank’s bank capital proposals to avoid hurting the economy. “Independent analysis by former Treasury Secretary Dr Graham Scott shows the Reserve Bank should rethink its proposals to avoid putting a handbrake on our economy," says NZBA chief executive Roger Beaumont. “The review we commissioned from Sapere and led by Dr Scott expresses a valid concern that the Reserve Bank hasn’t yet done a cost-benefit analysis,” Beaumont...

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