ASB CEO Vittoria Shortt pledges her bank will accept whatever regulatory capital requirements the RBNZ decides to implement, but argues ASB's alternative capital proposals represent a better balance between stability and cost

ASB CEO Vittoria Shortt pledges her bank will accept whatever regulatory capital requirements the RBNZ decides to implement, but argues ASB's alternative capital proposals represent a better balance between stability and cost

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What's the alternative... break the law?

With more than a billion dollar profit a year, it is easy for them to comply, so they can keep on making more. A wise strategy, unlike ANZ's threat to reduce business here.