No resting on their laurels for NZ's banks in 2020

Fri, 27 Dec 2019

The Reserve Bank's final decisions on bank capital requirements in late 2019 came as a great relief to the banks but they can't count on 2020 being plain sailing.The prudential regulator has given every sign that it intends to take a much more aggressive approach to its duties than the laissez faire attitude it had before Australia's royal commission on financial services got underway in early 2018.RBNZ governor Adrian Orr was caught on the hop in the early days of his tenure when he said the conduct of New Zealand banks “is infinitely better t...

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