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Sam Stubbs: Simplicity Founder on the potential changes to banks' capital requirements

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Manage episode 502462232 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

A reassurance that banking won't be much riskier even if capital rules are changed.

The Reserve Bank's put out two proposals to loosen capital requirements after the government called for it.

One of them is reducing minimum capital requirement for deposit takers from $30 million to $5 million.

Founder of KiwiSaver provider Simplicity, Sam Stubbs told Ryan Bridge there are other rules, so it won't make it much more hazardous.

He says the Reserve Bank will still keep a close eye on any group calling themselves a bank.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

4324 episodes

Artwork
iconShare
 
Manage episode 502462232 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

A reassurance that banking won't be much riskier even if capital rules are changed.

The Reserve Bank's put out two proposals to loosen capital requirements after the government called for it.

One of them is reducing minimum capital requirement for deposit takers from $30 million to $5 million.

Founder of KiwiSaver provider Simplicity, Sam Stubbs told Ryan Bridge there are other rules, so it won't make it much more hazardous.

He says the Reserve Bank will still keep a close eye on any group calling themselves a bank.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

4324 episodes

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