Regulator Q&A: Grant Spencer, deputy governor, Reserve Bank of New Zealand


Asia Risk: Why has the Reserve Bank of New Zealand proposed to adopt an accelerated time frame with regard to the implementation of the minimum capital ratios from January 1, 2013 and the capital conservation and countercyclical buffers from January 1, 2014?

Grant Spencer, deputy governor, Reserve Bank of New Zealand: We view the Basel Committee's timetable as a sort of lowest common denominator amongst the member countries. Most countries are moving ahead of the implementation timetable in

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