Deposit protection reduces case for RBNZ's bank capital increases, Robertson hints

Deposit protection reduces case for RBNZ's bank capital increases, Robertson hints
Pattrick Smellie
By Pattrick Smellie June 24 (BusinessDesk) - A bank deposit protection scheme may help defuse the battle between the Reserve Bank and the country's biggest trading banks over how much extra capital they should have to hold on their balance sheets, Finance Minister Grant Robertson indicated today. There is "clearly an interaction between what happens between deposit insurance and what the bank does with its capital requirements," Robertson told journalists after announcing several in-principle decisions about the future regulation of the b...

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