RBNZ resists capital settings-research criticisms

RBNZ resists capital settings-research criticisms
No delay on capital-settings consultation, says RBNZ. (Image: WSJ)
Andy Macdonald
The Reserve Bank of New Zealand is pushing back on criticisms about the research methodology behind its capital settings consultation, brooking no delay to the process.The Reserve Bank of NZ (RBNZ) has no intention of extending the deadline for submissions beyond Oct 3, although one academic has plumped for it to be pushed back by up to a month.Criticisms centred on a report about capital ratios by consultancy Oliver Wyman, and how the RBNZ presented this in its consultation.These gave the impression that NZ banks held up to 780 basis points mo...

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