Regulatory Alerts2022-05-17
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Reserve Bank of New Zealand Capital Review Submissions
The Reserve Bank of New Zealand received public submissions regarding its proposal to increase bank capital requirements to enhance financial system robustness. While some contributors supported the move to mitigate taxpayer risk and prevent future bailouts, others argued the changes would unfairly burden less contestable customers and stifle economic efficiency. A key submission criticized the lack of meso-level cost-benefit analysis and highlighted adverse impacts on specific sectors, such as private housing cooperatives, due to inappropriate regulatory treatment.
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