RBNZ's bank capital proposals are 'radical', says rating agency Fitch

Tue, 18 Dec 2018

By Pattrick Smellie Dec. 19 (BusinessDesk) - International credit rating agency Fitch says the Reserve Bank's proposals for increased bank capital adequacy ratios are "radical" and "highly conservative relative to international peers", but the result will ultimately be "significantly stronger buffers" against financial system shocks. "The RBNZ's proposals also go well beyond the international norm in addressing risk-weighted assets (RWA) differences between the banks that use the internal-rating based (IRB) approach - the four major banks...

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