COMMENT:

It's farcical that Grant Robertson is forced into begging bank heads and the regulator to effectively grow up and call off their war of words over the Reserve Bank's proposal for capital hikes.

The stakes are high and the public is quite properly concerned that banking chief blandishments — led by ANZ's Australian boss Shayne Elliott who spectacularly suggested the bank might reduce funding for the rural and SME sector in NZ if the Reserve Bank's proposal becomes reality — may indeed have some substance to them.

Instead of calling for calm, the Finance Minister should be asking himself

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