RBNZ: NZ Banks already well capitalised

Author: Eamonn Sheridan | Category: News

The RBNZ has released its final Basle III Capital requirements:

Deputy Governor Grant Spencer said: “The final capital adequacy requirements released today considerably enhance the ability of the New Zealand banking system to absorb shocks, whatever their source.
“New Zealand banks are already well capitalised and this has made it easier for New Zealand to implement the Basel III package ahead of the schedule set by the BCBS,”