NZ-owned banks says RBNZ capital proposals will make it harder to compete

Wed, 22 May 2019

By Jenny Ruth May 23 (BusinessDesk) - New Zealand’s smaller, locally-owned banks want the Reserve Bank to go further in leveling the competitive playing field between them and the big four Australian-owned banks. They say the central bank’s current bank capital proposals could give the large banks even more of a competitive advantage than what they currently enjoy. And they want to be allowed access to different types of capital. In a joint submission on the Reserve Bank’s bank capital proposals, the government-owned Kiwibank, the c...

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