Grant Spencer: NZ isn't over-reacting to the GFC
Banks had been deciding how risky their lending was and how much capital they needed.
Reserve Bank Deputy Governor Grant Spencer dismisses suggestions that the country is in danger of over-reacting to the problems caused by the global financial crisis.
The central bank is about to begin a review of bank capital requirements and, although Mr Spencer says he doesn’t want to
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Jenny Ruth
Wed, 08 Mar 2017
Wed, 08 Mar 2017
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Grant Spencer: NZ isn't over-reacting to the GFC
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