The Reserve Bank went out to consultation on Friday on a proposal for bank owners to lift their shareholding stakes – their capital ratio – and thereby bear a greater share of the financial system’s risks.
I read a US newsletter at the weekend that looked at change resulting from self-driving electric cars, but not just about the vehicles themselves. My conclusion: Change is not going to happen overnight, but it will be rapid.
This article is a summary about position-taking, influences, and the broad impacts on New Zealand. Donald Trump’s role in both his campaign for the US presidency and as president has been to disrupt the status quo.
Over the last 3 days the Government has provided context for change.
Finance Minister Grant Robertson outlined yesterday how the Government intended to revert to the 2002 version of wealth as a target for the nation – wellbeing, instead of gross domestic product.
Government budgets used to be about micro-managing things like tax hikes increasing the prices of cigarettes & beer & petrol. They’re still about micro-managing, with some subtle touches.