UPDATE: Reserve Bank's Orr says he's open to persuasion on new bank capital rules

Thu, 14 Feb 2019

(Updates to add comments by Finance Minister Grant Robertson from 12th paragraph) By Jenny Ruth Feb. 14 (BusinessDesk) - Reserve Bank governor Adrian Orr says a proposed doubling of capital that banks have to hold isn't fixed in stone. “We are and will be open-minded to the submissions that come back,” Orr said at yesterday's monetary policy statement press conference. The underlying message the central bank is sending the banking sector with its capital proposals is that more equity is better and that more quality capital is better...

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