The following is an excerpt from that address. “When we talk about the risks of indebtedness, it is important to remember that New Zealand is a reasonably prosperous nation. We can take on a certain amount of debt with comfort, and in some cases it is sensible to do so.
Where the strict rules around the run-off of cash-flows do not align with the characteristics of the underlying assets and liabilities, the required net cash outflow assumptions may be overstated and the required HQLA will  6  BIS central bankers’ speeches  consequently be higher. At this point Norwegian authorities have not stated their final policy position.