Prime Minister Christopher Luxon supports reducing capital requirements for banks

Prime Minister Christopher Luxon supports reducing capital requirements for banks
Christopher Luxon made the remarks after his Bloomberg address on Friday. (Image: BusinessDesk)
Dileepa Fonseka
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...

More Finance

Nikki Connors’ firm found to have misled property investor
Finance

Nikki Connors’ firm found to have misled property investor

Financial ombudsman rules against Propellor Property Investments.

FMA sues InvestNow over historic AML breaches
Finance

FMA sues InvestNow over historic AML breaches

The alleged breaches occurred between 2018 and 2022.

Staff reporters 20 Dec 2024
$400m Christmas bonus for Cryptopia victims
Finance

$400m Christmas bonus for Cryptopia victims

This is the first big payout since a hack and theft in 2019.

Pattrick Smellie 20 Dec 2024
ComCom plans to cap credit card surcharges
Finance

ComCom plans to cap credit card surcharges

Plan would save Kiwi shoppers millions. 

Staff reporters 18 Dec 2024