New Zealand Minister of Finance wants to lower capital requirements—Is she crossing the Rubicon?
This morning, Jenée Tibshraeny surprised me with the news that Nicola Willis is considering easing New Zealand's bank capital rules. It’s a significant scoop by Jenée, but it casts our finance minister in a troubling light. This marks the second time in a week that Willis has introduced policies that play with prudential fire.
Just last week, Willis sugg…
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