Regulatory Alerts2022-05-17
Reserve Bank of New Zealand Capital Review Briefings for the Minister of Finance
The Reserve Bank of New Zealand issued a series of reports to the Minister of Finance detailing the progress and stakeholder engagement surrounding the Capital Review. The documents outline extensive consultations with the agricultural sector, noting concerns regarding indebtedness and policy uncertainty, while confirming that external experts have largely endorsed the Reserve Bank's analytical approach. Additionally, the Reserve Bank clarified that proposed capital requirements remain distinct from the upcoming deposit insurance framework, asserting that the latter does not justify lowering capital standards.
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