RBNZ: “imperative” Australia’s banks lift capital levels

By Leith van Onselen

The Reserve Bank of New Zealand (RBNZ) has released its latest Financial Stability Report (FSR), which explained why banks need to hold more capital:

Domestically, debt levels are high in the household and dairy sectors, leaving borrowers and lenders exposed to unanticipated events. Similar challenges exist globally, given current high public and private debt levels, and stretched asset prices in many of New Zealand’s trading partners.

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