Review of the capital adequacy framework for registered banks

Release date

Status: We are currently considering responses to consultation on what should qualify as bank capital.

Consultation period: 2017 - 2018

14 July 2017

The Reserve Bank sought feedback about what type of financial instruments should qualify as bank capital. The consultation was about the nature of financial instruments that are suitable, rather than the amount of capital that banks must hold. Submissions closed on 8 September 2017.

The Reserve Bank is currently analysing responses. Individual responses will be published in due course.

1 May 2017

The Bank published an issues paper on the review. The paper outlines the topics that the Reserve Bank plans to consider as part of the review and the main issues it has identified within each topic.

The issues paper was the first consultation document. The Reserve Bank sought views about whether or not the range of topics and issues in the issues paper was complete, and whether there are certain issues that should be prioritised.

Submissions closed on 9 June 2017.

Submissions for publication

On 19 October 2017 the Reserve Bank published the individual responses received as part of the consultation, where consent to do so was provided by submitters.

BNZ, Kiwibank and Westpac also provided responses, but asked that they not be publically released.


The review of the capital adequacy framework aims to identify the most appropriate capital adequacy framework for locally incorporated registered banks, taking into account experience with the current framework and international developments.