Orr's views on bank capital at odds with Super Fund

Mon, 18 Mar 2019

By Jenny Ruth March 19 (BusinessDesk) - A submission from the New Zealand Superannuation Fund to the Reserve Bank while governor Adrian Orr was still chief executive disagreed with the central bank on just about everything to do with bank capital requirements. About the only exception was agreement on the need to reduce the unfair capital advantage of the big four Australian-owned banks. Now Orr is spearheading the central bank’s arguments that New Zealand banks need considerably more capital. The fund's submission, made jointly wit...

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