Prime Minister Christopher Luxon supports reducing capital requirements for banks

Christopher Luxon made the remarks after his Bloomberg address on Friday. (Image: BusinessDesk)

Mon, 23 Sep 2024

Prime Minister Christopher Luxon has voiced his support for reducing the capital requirements for banks, and might even support a new banking regulator.Luxon made the remarks during a question-and-answer session after his Bloomberg address, which was filmed at the Park Hyatt hotel in Auckland and broadcast live on Bloomberg’s network on Friday.Bloomberg Wellington bureau chief Matthew Brockett asked Luxon if he agreed with Finance Minister Nicola Willis, who had voiced support for lowering capital requirements for banks in terms of the am...

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