KPMG suggests banks may need to refine the expected credit loss modelling used in their loan loss provisioning in the wake of the COVID-19 crisis

And fully disclose the changes and actual numbers. Orr and Roberstson offer no deposit guarantee but put deposit holders at greater risk by removing LVR restrictions and pushing banks to lend but continually drive deposit rates down and wont disclose individual stress test results. Be bold they say and lend to the debt fueled we need to boost house prices at all costs!

(Comment unrelated to story deleted, Ed).

So, what does RBNZ think about this ? As they are the prime regulator of the Banks.