PwC says NZ banks would effectively hold 27.1% equity if RBNZ proposals are adopted

Mon, 20 May 2019

By Jenny Ruth May 20 (BusinessDesk) - New Zealand’s major banks already hold more capital than Australian, Canadian, Austrian, Irish and Singaporean banks, a new study by PricewaterhouseCoopers has found. Domestic capital levels, when compared on a like-for-like basis, are comparable to banks in Sweden, Denmark and Finland and inferior only to banks in Norway. But if the Reserve Bank’s bank capital proposals are adopted, that will push New Zealand way above all peer countries, including Norway, to effectively 27.1 percent of risk-weigh...

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