Experts largely support RBNZ's bank capital proposals

Mon, 30 Sep 2019

By Jenny Ruth Oct. 1 (BusinessDesk) - The three independent experts' critiques of the Reserve Bank's bank capital proposals are largely supportive with the British expert, in particular, demolishing the commercial banks' complaints that the central bank wants them to hold too much capital. David Miles of Imperial College, London, says criticisms that RBNZ failed to undertake a cost-benefit analysis "melt away in light of the procedure actually followed by the central bank." RBNZ has said it will produce a formal cost-benefit analysis w...

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