Would RBNZ’s bank resolution work? No, say the experts

Would RBNZ’s bank resolution work? No, say the experts
Former Reserve Bank official Geof Mortlock doesn't think bank resolution would work. (Image: ICNZ)
Jenny Ruth
New Zealand’s banks don’t appear at all vulnerable to the vicissitudes afflicting regional US banks and which brought down Switzerland’s second-largest bank, Credit Suisse.All are very well capitalised and are becoming even better capitalised, thanks to the Reserve Bank of NZ’s (RBNZ) new rules which phase in over seven years from July 1 last year.The big four NZ banks are each owned by Australia’s big four banks and have long been better capitalised than their parents.And that’s just on a superficial level,...

More Finance

FNZ extends controversial catch-up offer
Finance

FNZ extends controversial catch-up offer

Fintech FNZ has extended its deadline for “catch-up” equity offers, as employee shareholders say discontent grows.In March, the global fintech offered its class B shareholders a “catch-up” offer after it revealed their holdings could be massively diluted following its August capi...

Victoria Young 16 Apr 2025
The cost of over-regulated banking: $10b to $14.4b a year
Finance

The cost of over-regulated banking: $10b to $14.4b a year

Critics claim a huge annual cost from 30 years of regulatory creep.

Pattrick Smellie 16 Apr 2025
Blackbull backs Eden Bradfield into Elevation funds
Finance

Blackbull backs Eden Bradfield into Elevation funds

The Christopher Swasbrook-established fund gets new investors and portfolio manager.

Govt eagle-eyed on ComCom interchange fees decision
Finance

Govt eagle-eyed on ComCom interchange fees decision

Open banking depends on sustainable interchange fees, Minister Scott Simpson says.

Pattrick Smellie 11 Apr 2025