17 June 2021
We have published the finalised bank capital adequacy requirements, outlined in the new 'Banking Prudential Requirements' (BPR) documents.
The new rules implement the decisions made during the Capital Review and a comprehensive, five-year project, to restructure how the capital adequacy rules are written and presented.
The new framework increases the amount of capital banks must have, which will make the banking system safer for all New Zealanders. Increases in capital will be phased in over a seven-year period, starting from July 2022. Other changes will be phased in from 1 October 2021 onwards.