2025-05-05
The Reserve Bank of New Zealand details the phased implementation of capital review measures affecting domestic systemically important banks through 2028. Key changes include the derecognition of non-qualifying AT1 and Tier 2 instruments, the introduction of dual reporting for IRB banks, and the gradual increase of the conservation buffer from 2.5% to 5.5%. The review of key capital settings is scheduled for completion by the end of 2025 to inform decisions impacting requirements from July 2026 onwards.