Stress testing confirms the more capital banks hold, the better
Geoff Bascand says Covid-19 is a stark reminder of the need to be prepared for the unexpected.
Brent Edwards
Thu, 17 Sep 2020
Hot Topic
EARNINGS
After stress testing the country’s retail banks in the midst of the Covid-19 pandemic, the Reserve Bank is confident they can cope in a serious crisis.
In the RBNZ’s base case stress scenario, it assumed the unemployment rate rose to 13% and annual GDP fell 12%. It also assumed a 37% drop in
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Brent Edwards
Thu, 17 Sep 2020
Contact the Writer: brent@nbr.co.nz
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Stress testing confirms the more capital banks hold, the better
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