Stop Reserve Bank governor gambling with our money
Nowhere in the Reserve Bank’s consultation documents has the bank evaluated whether the expected benefits of its capital proposals will exceed the expected costs.
Few subjects are as dry as prudential regulation. As something that relates to banks, it is not the most obvious topic requiring our attention.
Then there are hurdles created by jargon. Tier 1 capital, Basel III, LVRs – the regulation of banks’ capital requirements has its own language. (And
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