RBNZ will revisit all bank capital proposals before final decisions: Bascand

RBNZ will revisit all bank capital proposals before final decisions: Bascand
Jenny Ruth
By Jenny Ruth Oct. 1 (BusinessDesk) - The Reserve Bank is reviewing all its key proposals in light of the critique by the three independent reviewers and the submissions before announcing its final decisions in early December, says deputy governor Geoff Bascand. "We are revisiting all of our in-principle decisions," Bascand told BusinessDesk. "What we've got here is a lot of support for the direction of travel. We are going to increase capital requirements – we've made no bones about that," but the amount of capital, what form it takes...

More Finance

Lenders referring borrowers in trouble to non-profit services
Finance

Lenders referring borrowers in trouble to non-profit services

Financiers pushing KiwiSaver withdrawals rather than acting responsibly, advisers say.

Maria Slade 13 Jun 2025
Mainland Capital delivers $50m raise for Chch hospital expansion
Finance

Mainland Capital delivers $50m raise for Chch hospital expansion

The oversubscribed raise will help fund a new state-of-the-art private hospital facility.

Oliver Lewis 13 Jun 2025
FNZ employee shareholders told success more likely
Finance

FNZ employee shareholders told success more likely

Account show loss at global fintech widens. 

Victoria Young 05 Jun 2025
NZ Super ahead of the curve on US equities
Finance

NZ Super ahead of the curve on US equities

New Zealand’s sovereign wealth fund has been overweight in European equities.

Gregor Thompson 03 Jun 2025