Chapman Tripp pleads for more time on bank capital proposals

Wed, 31 Jul 2019

By Jenny Ruth July 31 (BusinessDesk) - Law firm Chapman Tripp is urging the Reserve Bank to delay its final decision on increasing the minimum amounts of bank capital because of its critical importance to both the banks themselves and to the wider economy. “It is therefore vital that sufficient time and resources are devoted to getting the right outcome and that decisions are made only after all the relevant issues have been thoroughly analysed,” Chapman Tripp says in its submission on the capital proposals. “However, we sense from the...

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