RBNZ says don't believe what banks say about capital

Tue, 03 Sep 2019

By Jenny Ruth Sept. 4 (BusinessDesk) - Don’t believe what banks say about how much capital they should have to hold, Reserve Bank deputy governor Geoff Bascand told the New Zealand Shareholders’ Association. “Shareholders’ view of capital will always be lower in the banking sector than is good for the country,” Bascand told NZSA’s annual conference in Christchurch at the weekend. “If a bank says it should be this much, know it should be more than that.” Nevertheless, Bascand acknowledged that how much more capital than banks think t...

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