Reserve Bank Governor Adrian Orr seems to have solid support for his battle with the Aussie banks among business leaders.

The Mood of the Boardroom survey found more than 43 per cent of respondents saw the Reserve Bank's proposed capital ratio increase as a sound move to protect the New Zealand financial system.

Banks' shrill response decried by CEOs

More than half of respondents say the bank bosses have been scaremongering on the issue.


The Reserve Bank is proposing a lift in the amount of risk-weighted capital retail banks hold, from 8.5 per cent to 16 per cent.