RBNZ stress tests of Kiwibank, TSB, SBS, Co-op Bank and Heartland will be their first

RBNZ stress tests of Kiwibank, TSB, SBS, Co-op Bank and Heartland will be their first

By Gareth Vaughan

The Reserve Bank says its stress tests of New Zealand owned banks this year will be a first.

The prudential regulator has outlined plans, as reported by interest.co.nz's subscriber email earlier this week, to stress test domestically owned banks this year, along with stress tests of the big four Australian owned banks in partnership with the Australian Prudential Regulation Authority.

This is an abridged version of this article. The full version was published in our email for paying subscribers. See here for more details and how to subscribe.

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