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Spencer: Reserve Bank had limited powers in the Kiwibank affair

The Reserve Bank is looking at removing both hybrid securities and letters of non-objection.

Jenny Ruth
Thu, 03 Aug 2017

Reserve Bank deputy governor Grant Spencer says the Reserve Bank had limited powers when it came to dealing with Kiwibank’s capital problems earlier this year.

The bank's mid-March action to no longer recognise Kiwibank’s hybrid securities as counting toward capital, forced Kiwibank to cancel a

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Jenny Ruth
Thu, 03 Aug 2017
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Spencer: Reserve Bank had limited powers in the Kiwibank affair
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