Stop raising bank capital ratios now: select committee on banking competition

ANZ’s NZ chair Scott St John and CEO Antonia Watson appeared at the banking inquiry last October. (Image: NZME)

Fri, 22 Aug 2025

Changes to banks’ prudential capital requirements should be halted immediately, says a long-awaited report into banking sector competition from Parliament’s finance and expenditure select committee. The select committee report recommends that “effective immediately, the Reserve Bank cease the planned incremental increases to capital requirements”, in one of 19 recommendations.The Reserve Bank of New Zealand (RBNZ) has invited news media to a technical briefing on Monday, Aug 25,to launch consultation documents...

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