RBNZ finalises new bank capital rules

Thu, 17 Jun 2021

The Reserve Bank said it has finalised new bank capital rules implementing the decisions it announced in December 2019.Some of the changes will be phased in from October this year while the increases in capital will be phased in over seven years starting July 1, 2022.The prudential regulator postponed the start date of the latter by a year because of the covid-19 pandemic."In response to feedback from banks, we've also improved the way the rules are structured, presenting them as a series of bank prudential requirements rather than cha...

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