S and P sees biggest gain from tweaking capital buffers in RBNZ’s new tool-kit

Wed, 05 Jun 2013

By Paul McBeth June 5 (BusinessDesk) – Ratings company Standard & Poor’s has given the Reserve Bank the thumbs up over its new set of tools to help deflate potential asset bubbles, and sees the most benefit coming from adjusting how much capital lenders are required to keep on their books. The benefits of the central bank’s macro-prudential tools outweigh the downside risks and may help limit excessive asset prices by forcing a re-think on pricing and risk appetite and slowing credit growth, S&P said in a report on the policy. It sees the...

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