Do our banks need as much gold-plating as the Reserve Bank thinks?

Do our banks need as much gold-plating as the Reserve Bank thinks?
Jenny Ruth
By Jenny Ruth Jan. 7 (BusinessDesk) - Stress-testing banks has become de rigueur for central banks since the global financial crisis and New Zealand's banks have passed repeated tests over a number of years with flying colours. In addition, these days New Zealand's major banks are required to conduct their own stress tests on a continuous basis and to share those results with the prudential supervisor, although the results aren’t made public. The last time the central bank conducted such a test itself was in 2017 when it looked at the...