Capital review - safer banks for a safer NZ
The Reserve Bank deputy governor presents proposals to limit the chances of NZ facing the huge socioeconomic costs of bank failure. Public feedback is invited.
The Reserve Bank is proposing an increase to the minimum capital requirements for NZ’s banks. The aim is to improve the lives of all New Zealanders by making our banks safer, but there are different views on how that could be achieved and what society is willing to pay. Hear what’s proposed to increase financial stability and reduce the chances of everyone in NZ facing the huge social and economic cost of bank failure. At this session Geoff Bascand, Deputy Governor of the Reserve Bank, will outline the proposed changes and answer questions. The Reserve Bank is seeking input on these proposals; thoughts and feedback are welcome.