New Zealand Minister of Finance wants to lower capital requirements—Is she crossing the Rubicon?

Aug 09, 2024

∙ Paid

This morning, Jenée Tibshraeny surprised me with the news that Nicola Willis is considering easing New Zealand's bank capital rules. It’s a significant scoop by Jenée, but it casts our finance minister in a troubling light. This marks the second time in a week that Willis has introduced policies that play with prudential fire.