New Zealand’s new capital standards at odds with Australia on ‘bail-in’
The Reserve Bank of New Zealand (RBNZ) has released the new capital adequacy standards that will govern locally incorporated banks from January 1, 2013, and include rules related to ‘bail-inable' debt that appear at odds with similar rules due to come into effect in Australia.
The central bank issued a consultation document on the standards in September, and today (December 11) also released its response to the queries raised.
Many related to the rules governing loss absorbency when a bank
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