Media Appearances
Media / Media Appearances
Media Appearances
Media Appearances
NZ Herald - Banks need to raise $20 billion to meet tough new Reserve Bank requirements
- Citing an economic review, NZBA has said lifting the capital requirements would have economic welfare costs of $1.8 billion a year and that it would disproportionately affect agricultural, small business lending, and savers.
Media Appearances
TVNZ - Banks will have to hold more capital to ensure Kiwis’ cash is safe
- Banks will have to hold more capital, possibly leading to a small rise in interest rates, the Reserve Bank has revealed.
Media Appearances
Newshub - Reserve Bank orders banks to increase capital by $20 billion
- “It’ll be a matter of months rather weeks before the implications are made clear.”
Media Appearances
NZ Herald - Banking industry warning: ‘There will be an economic impact’
- “Today’s announcement will have an economic impact and each bank will now consider the implications for their business and customers, and will be developing their own commercial response.”
Media Appearances
Stuff - Prime Minister Jacinda Ardern warns banks to be mindful about farm debt
- New Zealand Bankers’ Association chief executive Roger Beaumont said banks worked closely with any agricultural customers who were experiencing financial issues.
Media Appearances
Interest.co.nz - Gareth Vaughan details six key changes proposed by the RBNZ in its bank capital review
- A report commissioned by bank lobby group the New Zealand Bankers’ Association, heavy on criticism of the capital proposals, argued the potential benefits of appealing prudential regulatory decisions on their merits are large.
Media Appearances
TVNZ - One in four farmers feel under pressure from banks to reduce debt, survey finds
- The Bankers Association says lenders work closely with farmers and it points to the low number of mortgagee farm sales – fewer than 10 a year out of 52,000 farms across the country.
Media Appearances
RNZ - The Banks, the Swaps and the Suicide Box
- They also issued a statement, saying that bank conduct had improved over the last 10 years, with an increased focus on customer outcomes.
Media Appearances