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February 26, 2019

RBNZ published a summary of why it proposes to alter requirements for bank capital and the impact of its proposals, along with the presentation slides used for a media briefing and a bank forum. In addition, the RBNZ Deputy Governor Geoff Bascand presented a speech about the proposals to increase bank capital.

RBNZ had published, on December 14, 2018, a proposal to raise the amount of capital that banks must hold. It also published an updated version (Capital Review Paper 4) that proposes changes to regulatory capital requirements for locally incorporated banks. RBNZ also extended the submission period for the Capital Review Paper 4 proposals to May 03, 2019. The amendments to the Capital Review Paper 4 reflect:

  • The change to the deadline for submissions, which has been extended from March 29, 2019 to May 03, 2019
  • Clarification on the current capital framework’s treatment of tier 2 capital
  • Clarification to note that proposed restrictions on distributions apply, depending on the level of the prudential capital buffer
  • Minor word changes to enhance clarity or to correct typographical errors

 

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Keywords: Asia Pacific, New Zealand, Banking, Capital Requirements, Capital Buffers, IRB Modeling, VAR Modeling, Capital Adequacy Framework, RBNZ

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