(Adds RBNZ quotes, details about global financial turmoil)
March 17 (Reuters) - New Zealand's central bank said on
Friday all banks in the country were currently operating above
its minimum regulatory requirements and that it was closely
monitoring the turmoil in global financial markets.
"Our banks operate different business models that mean that
they are not as exposed to the risks that have led to recent
events," the Reserve Bank of New Zealand (RBNZ) said in a tweet.
"Our rigorous stress testing has shown that they are
well-placed to deal with far more adverse situations than what
we are currently experiencing."
RBNZ said it was aware of the current financial stability
issues "with a small number of banks internationally", adding it
was in regular contact with other regional regulators and
regulated entities.
Banking stocks globally have been battered since the
collapse of Silicon Valley Bank. On Thursday, Credit Suisse said it will borrow up to $54 billion from
Switzerland's central bank to shore up liquidity.
Large U.S. banks injected $30 billion into First Republic
Bank on Thursday, swooping in to rescue the lender
caught up in a widening crisis triggered by the collapse of two
other mid-size U.S. lenders over the past week.
(Reporting by Renju Jose in Sydney; Editing by Alasdair Pal and
Christopher Cushing)
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