- Advertisement -
WELLINGTON- New Zealand’s central bank said on Monday it would review bank capital requirements this year following criticism of the regime for being too stringent and reducing competition in the sector.
“We have heard the claims that our bank capital regime is unreasonably conservative, and that it is undermining competition and growth in the New Zealand economy,” Reserve Bank of New Zealand acting Governor Christian Hawkesby told a parliamentary committee.
“We think that some of those claims are incorrect, but most of the claims can be tested empirically.”
- Advertisement -
Hawkesby said the New Zealand banking system is not capital constrained as it had the ability to raise capital if it saw opportunities.
Author
- Advertisement -
