RBNZ relaxes capital requirements, allows preference shares, extends phase-in

RBNZ relaxes capital requirements, allows preference shares, extends phase-in
Jenny Ruth
The Reserve Bank has significantly relaxed its bank capital requirements by no longer insisting all the additional capital must be equity and by extending the phase-in period to seven years from the original five.The big four Australian-owned banks will still have to lift their tier 1 capital from a minimum 8.5 percent of risk-weighted assets to 16 percent. However 2.5 percent of that can be preference shares, rather than all common equity as originally proposed.That will mean the big four banks will need to raise current common equity from an...

More Finance

TVNZ targets one million digital viewers logged in by 2030
Finance

TVNZ targets one million digital viewers logged in by 2030

The latest performance forecast unfolds the broadcaster’s online ambitions.

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025