Capitalissues

January 2026

Political Risk or Poor Fundamentals?

Some numbers behind Kiwibank's recent equity cancellation

Jan 23 • Cetier the First

2

The option to wait - never exercise early

On spinach, Brussels sprouts, and the culture of coordination

Jan 14 • Cetier the First

3

A steep learning curve for RBNZ Governor Breman

On Central bank independence and boomerangs

Jan 14 • Cetier the First

8

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December 2025

Kiwibank the first to move on the new capital standards: strategic foresight or another bailout?

The state-owned bank cancels its $500m equity issuance following regulatory relief from the RBNZ.

Dec 19, 2025 • Cetier the First

1

Big Banks, Farmers, and Capital Requirements: 2025 Season Finale?

Tomorrow's RBNZ decision might look like an ending, but in bank regulation, the show never really stops

Dec 16, 2025 • Cetier the First

1

New Zealand's recent bank performance in three graphs

A bit late, but here are some updated graphs of the largest New Zealand banks.

Dec 8, 2025 • Cetier the First

1

October 2025

Size matters

How the RBNZ and Oliver Wyman use an old trick to make us believe that our banks are overcapitalised

Oct 1, 2025 • @cetier1

1

September 2025

Welcoming Dr Anna Breman: New RBNZ Governor

Capital Issues extends a warm welcome to Dr Anna Breman, who has been officially appointed as Governor of the Reserve Bank of New Zealand.

Sep 24, 2025 • @cetier1

1

Let the data speak

The graphs below, once seen, cannot be unseen.

Sep 2, 2025 • @cetier1

1

August 2025

How Media Helps Banks Win While Claiming to Help Borrowers

Some months ago, I attended a meeting of the Finance and Expenditure Committee’s inquiry into banking competition.

Aug 26, 2025 • @cetier1

1

From Fortress to Mainstream: RBNZ Dials Back its Capital Ambitions

The Reserve Bank of New Zealand (RBNZ) has opened consultation on its 2025 Review of Key Capital Settings.

Aug 25, 2025 • @cetier1

1