Potential rule in New Zealand could affect GE Capital

04/5/2013 | Interest.co.nz (New Zealand)

The Reserve Bank of New Zealand is considering changing its regime for nonbank deposit takers. The proposal, which includes altering the definition of nonbank deposit takers, could bring GE Capital "under the regulatory umbrella even though it doesn't borrow money off the public," Gareth Vaughan writes.

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Interest.co.nz (New Zealand)