Heartland backs Reserve Bank capital proposals to dull advantage for 'big four'

Mon, 01 Jul 2019

By Paul McBeth July 2 (BusinessDesk) - Heartland Bank expects to see a more competitive landscape if the Reserve Bank goes ahead with plans restricting the big four Australian-owned banks' use of internal models to calculate how much capital they need to hold. The minnow lender, which operates with the fattest margins among licensed banks, also expects the increased capital requirements from a higher buffer will reduce the advantage the Australian-owned lenders - ANZ Bank New Zealand, Bank of New Zealand, ASB Bank and Westpac New Zealand...

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