RBNZ challenges ComCom call to review its banking capital settings

RBNZ challenges ComCom call to review its banking capital settings
Deputy governor of the RBNZ, Christian Hawkesby. (Image: NZME)
Staff reporters
The Reserve Bank of New Zealand is disputing the Commerce Commission’s analysis of its prudential capital settings for banks and its recommendation to review them.Deputy governor of the Reserve Bank of NZ (RBNZ) Christian Hawkesby said in a statement that the current bank capital framework resulted from a careful and extensive review process that had only recently been done and was still being phased in. That took in a review of banking competition and resulted in several changes to help level the playing field between large and smal...

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