Banks stress test outcome reinforces need tor strong capital buffers – RBNZ

Reserve Bank of New Zealand’s (RBNZ) take on the banking sector stress tests are crossing the wires via Reuters and LiveSquawk. 

• The stress test result shows in pessimistic scenario banks can still continue to lend to support the economy. 
• The stress test outcome reinforces the need for strong capital buffers to provide resilience against severe but unlikely events. 
• Will consider over the coming months whether further delays to the implementation of banks’ capital adequacy framework are warranted.