Reserve Bank of New Zealand's (RBNZ) take on the banking sector stress tests are crossing the wires via Reuters and LiveSquawk.
- The stress test result shows in pessimistic scenario banks can still continue to lend to support the economy.
- The stress test outcome reinforces the need for strong capital buffers to provide resilience against severe but unlikely events.
- Will consider over the coming months whether further delays to the implementation of banks' capital adequacy framework are warranted.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.