UBS doubles down on impact of RBNZ bank capital requirements

Wed, 27 Feb 2019

By Jenny Ruth Feb. 27 (BusinessDesk) - UBS is sticking to its analysis of the likely impact of the Reserve Bank’s proposals to double minimum bank equity levels. It says the interest bill on a $500,000 mortgage could go up by as much as $6,100 a year. The central bank has rubbished UBS’ work as “an outlier,” but UBS calculates that even if the RBNZ’s own much lower assessment proves correct, that will still raise the annual interest cost of a $500,000 mortgage by $2,000 a year. The UBS analysts also say it is “highly unlikely” the c...

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