Regulator Q&A: Grant Spencer, deputy governor, Reserve Bank of New Zealand
Despite New Zealand’s domestic banking sector escaping the worst ravages of the recent financial crisis, the Reserve Bank of New Zealand is not wasting any time in introducing the Basel III framework – but with a local twist
Asia Risk: Why has the Reserve Bank of New Zealand proposed to adopt an accelerated time frame with regard to the implementation of the minimum capital ratios from January 1, 2013 and the capital conservation and countercyclical buffers from January 1, 2014?
Grant Spencer, deputy governor, Reserve Bank of New Zealand: We view the Basel Committee's timetable as a sort of lowest common denominator amongst the member countries. Most countries are moving ahead of the implementation timetable in
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