Spencer: Reserve Bank had limited powers in the Kiwibank affair
The Reserve Bank is looking at removing both hybrid securities and letters of non-objection.
Reserve Bank deputy governor Grant Spencer says the Reserve Bank had limited powers when it came to dealing with Kiwibank’s capital problems earlier this year.
The bank's mid-March action to no longer recognise Kiwibank’s hybrid securities as counting toward capital, forced Kiwibank to cancel a
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Jenny Ruth
Thu, 03 Aug 2017
Thu, 03 Aug 2017
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Spencer: Reserve Bank had limited powers in the Kiwibank affair
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