RBNZ urged to take a wider, non-plumbing view of banks

RBNZ urged to take a wider, non-plumbing view of banks
Jenny Ruth
The Reserve Bank focuses too little on the incentives driving bankers, ignores the implied government guarantee that banks benefit from and takes too much of a "plumbing view" of banking, says an American banking professor employed by the central bank to assess its controversial bank capital-holding proposals. The New Zealand central bank also devotes too little attention to how capital regulations might influence the allocation of credit or the degree to which non-banks will be able to fill any gaps in the provision of credit, Professor Ros...

More Finance

ANZ admits 'unacceptable failure' as bond probe continues
Finance

ANZ admits 'unacceptable failure' as bond probe continues

Regulator is investigating the bank over its bond turnover data.

AAP 25 Jul 2024
ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Staff reporters 23 Jul 2024
Massive cyber outage cripples banks and other organisations worldwide
Finance

Massive cyber outage cripples banks and other organisations worldwide

A major cybersecurity outage has taken out computer-reliant services

Dileepa Fonseka 19 Jul 2024