Episode Details
Back to Episodes
Sam Stubbs: Simplicity Founder on the potential changes to banks' capital requirements
Description
A reassurance that banking won't be much riskier even if capital rules are changed.
The Reserve Bank's put out two proposals to loosen capital requirements after the government called for it.
One of them is reducing minimum capital requirement for deposit takers from $30 million to $5 million.
Founder of KiwiSaver provider Simplicity, Sam Stubbs told Ryan Bridge there are other rules, so it won't make it much more hazardous.
He says the Reserve Bank will still keep a close eye on any group calling themselves a bank.
LISTEN ABOVE
The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.
See omnystudio.com/listener for privacy information.