Former BNZ chairman says turf out the Reserve Bank as banking regulator
The Reserve Bank doesn't have the competence to regulate banks, Kerry McDonald claims.
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ELECTIONS
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Company director and former bank chairman Kerry McDonald is calling on the government to take banking regulation away from the Reserve Bank and to get rid of the open bank resolution (OBR) system.
Under OBR, depositors have to take a haircut if a bank gets into financial trouble once that bank’s
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Jenny Ruth
Fri, 19 Jan 2018
Fri, 19 Jan 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Former BNZ chairman says turf out the Reserve Bank as banking regulator
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