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Reminder: Have your say on bank capital levels

Summary:
Release date 13 May 2019 Just one week remains for people to make a submission on the Reserve Bank proposals to make the banking system safer by increasing minimum bank capital. The Reserve Bank is consulting on proposals to increase the amount of capital banks must have. If implemented, the proposed change would ensure that bank shareholders have a meaningful stake in their bank, so that they absorb a greater share of losses their bank might face during financial and economic shocks. “The soundness and efficiency of our banking system is one of the most critical factors in ensuring New Zealand’s sustainable economic wellbeing. This is an important policy and we welcome views from all quarters,” said Reserve Bank Deputy Governor and General Manager Financial

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Release date

13 May 2019

Just one week remains for people to make a submission on the Reserve Bank proposals to make the banking system safer by increasing minimum bank capital.

The Reserve Bank is consulting on proposals to increase the amount of capital banks must have. If implemented, the proposed change would ensure that bank shareholders have a meaningful stake in their bank, so that they absorb a greater share of losses their bank might face during financial and economic shocks.

“The soundness and efficiency of our banking system is one of the most critical factors in ensuring New Zealand’s sustainable economic wellbeing. This is an important policy and we welcome views from all quarters,” said Reserve Bank Deputy Governor and General Manager Financial Stability Geoff Bascand.

Consultation closes at the end of this week. So far, the Reserve Bank has received 90 formal written submissions from the public, industry groups, and banks. The Reserve Bank has also heard from stakeholders through workshops and meetings. Submissions will be made public in June.

Final decisions on the proposals are expected in the third quarter of 2019, after submissions and other evidence have been analysed.

Submission form:

Simple summaries:

Technical information:

Media contact:
Angus Barclay
External Communications Adviser
Phone: 04-471-3698 or 027-337-1102
Email: [email protected]

Reserve Bank of New Zealand News Releases
The Reserve Bank of New Zealand is New Zealand’s central bank. We promote a sound and dynamic monetary and financial system.

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