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 

A reassurance that banking won't be much riskier even if capital rules are changed. &nbsp;
The Reserve Bank's put out two proposals to loosen capital requirements after the government called for it. &nbsp;
One of them is reducing minimum capital requirement for deposit takers from $30 million to $5 million. &nbsp;
Founder of KiwiSaver provider Simplicity, Sam Stubbs told Ryan Bridge there are other rules, so it won't make it much more hazardous. &nbsp;
He says the Reserve Bank will still keep a close eye on any group calling themselves a bank.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Sam Stubbs: Simplicity Founder on the potential changes to banks' capital requirements

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0cbb4b51-1286-4d15-baa1-b344017d5968/transcript