RBNZ rejected expert advice about capital requirements for banks
Three independent experts were ‘lukewarm’ about changes, but the central bank proceeded with relaxing the requirements.
Experts saw merit in keeping the 2019 requirements in place.
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The Reserve Bank proceeded with relaxing the capital requirements on retail banks despite caution from three independent international experts.
Thorsten Beck, Elena Carletti, and Sir John Vickers provided individual reports dated December 9 last year related to the RBNZ’s consultation process , to
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