Capital requirements: Borrowers likely to be stung for up to three times more than Reserve Bank's estimate - economist - Newshub

Capital requirements: Borrowers likely to be stung for up to three times more than Reserve Bank's estimate - economist - Newshub

'Open banking' cited as solution to keeping interest rates in check.

"The Reserve Bank's proposal to make the banks safer - which we all want - now that's going to carry a cost," Bagrie said. Although banks have a seven-year transition period to get their ducks in a row, the capital has to come from somewhere.  "The Reserve … [+3120 chars]

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