In fact, most of the significant changes from the proposed capital rules published by the three banking agencies last year that we made in the final version of the rules issued earlier this month were in response to concerns expressed by smaller banks.
Panel remarks delivered to the Institute for Monetary and Economic Studies (Bank of Japan) in Tokyo, available at: rbnz.govt.nz/hub/publications/speech/2019/speech2019-05-30 2 See Bascand, G. (2019). Renewing the RBNZ’S approach to financial stability.