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KM Financial Solutions | UPDATE 2-NZ cenbank proposes almost doubling bank capital requirements, kiwi dlr falls
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UPDATE 2-NZ cenbank proposes almost doubling bank capital requirements, kiwi dlr falls

13 Dec UPDATE 2-NZ cenbank proposes almost doubling bank capital requirements, kiwi dlr falls

Posted at 01:56h in News by
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The Reserve Bank of New
Zealand (RBNZ) said on Friday it was considering almost doubling
the required capital banks would need to hold to bolster the
financial system’s capacity to handle any shocks, sending the
currency lower.
The RBNZ, which regulates the banking sector, said in a
statement that the increase in capital for individual banks
would depend on a number of factors but would generally be
between 20 and 60 percent.

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