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RBNZ's Spencer says introduction of NZ owned banks to stress testing underway, will be useful over time

Business
RBNZ's Spencer says introduction of NZ owned banks to stress testing underway, will be useful over time
<a href="http://www.shutterstock.com/">Image sourced from Shutterstock.com</a>

By Gareth Vaughan

 Trading banks are likely to face annual stress tests as the Reserve Bank moves to implement a consistent stress testing framework across the banks, Reserve Bank Deputy Governor Grant Spencer says.

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