RBNZ signals U-turn on bank capital requirements

RBNZ signals U-turn on bank capital requirements
RBNZ chair Neil Quigley says a review will be complete by the end of the year (Image: NZME)
Pattrick Smellie
The Reserve Bank of New Zealand is preparing to backtrack on its implementation of capital adequacy ratios championed by its recently departed governor, Adrian Orr.Appearing before a select committee inquiry into banking competition for the first time since Orr’s sudden exit on March 5, Reserve Bank of NZ’s (RBNZ) chair, Neil Quigley, cited a global “softening” in views about how much capital banks should be required to hold to ensure financial system stability.That push has been particularly evident in the United States...

More Finance

PEP seeking payday from UP Education
Finance

PEP seeking payday from UP Education

UP Education is a NZ success story in Australia.

Pattrick Smellie 23 Apr 2025
FNZ extends controversial catch-up offer
Finance

FNZ extends controversial catch-up offer

Fintech FNZ has extended its deadline for “catch-up” equity offers, as employee shareholders say discontent grows.In March, the global fintech offered its class B shareholders a “catch-up” offer after it revealed their holdings could be massively diluted following its August capi...

Victoria Young 16 Apr 2025
The cost of over-regulated banking: $10b to $14.4b a year
Finance

The cost of over-regulated banking: $10b to $14.4b a year

Critics claim a huge annual cost from 30 years of regulatory creep.

Pattrick Smellie 16 Apr 2025
Blackbull backs Eden Bradfield into Elevation funds
Finance

Blackbull backs Eden Bradfield into Elevation funds

The Christopher Swasbrook-established fund gets new investors and portfolio manager.