Reserve Bank’s wonky regulatory stool
Analysis: It looks as though the dashboard will eventually be an improvement.
The Reserve Bank talks a lot about the “three pillars” that regulate New Zealand’s banks.
If you think of it as a three-legged stool, the central bank has just sawn off one of those legs.
The impact of what that means has only just become clear with the publication of banks’ accounts for the
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Reserve Bank’s wonky regulatory stool
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