The curious tale of RBNZ's bank capital reveal

Fri, 10 Jan 2020

A regulator is about to announce some important decisions, decisions that will impact not only the share prices of the major companies it regulates, but the wider economy as well.The most immediate market gauge of the latter will be the impact on the New Zealand dollar.So, the regulator jealously guards that information until the big reveal, right?Not if it’s the Reserve Bank wearing its prudential regulator hat and making decisions about how much additional capital the country's banks will have to find.Last month, the RBNZ summoned the New Zea...

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