RBNZ's final bank capital decisions will have far-reaching impact

Tue, 03 Dec 2019

In its most far-reaching decision this year, the Reserve Bank of New Zealand will be unveiling new capital rules for banks on Thursday that even it admits will reduce economic growth.They will also make it harder to borrow for key sectors, such as farmers, construction companies and small businesses, according to many critics.The central bank has proposed near doubling the minimum amount of equity the four major Australian-owned banks have to hold on their balance sheets from 8.5 percent of risk-weighted assets to 16 percent, and to 15 percent...

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