the podcast on
A reassurance that banking won't be much riskier even if capital rules are changed.
The Reserve Bank's put out two proposals to loosen capital requirements after the government called for it.
One of them is reducing minimum capital requirement for deposit takers from $30 million to $5 million.
Founder of KiwiSaver provider Simplicity, Sam Stubbs told Ryan Bridge there are other rules, so it won't make it much more hazardous.
He says the Reserve Bank will still keep a close eye on any group calling themselves a bank.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeartRadio app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeartRadio is easy to use and all FREE
