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Too Little Too Late saves bank skins

Expect bank dividends to be slashed under severe climate risk scenarios, while bad debts (at 5 times the base case) will be dreadful, with the industry facing 20 years of losses.

Bank solvency stress test shows resilience to a stagflation scenario - Reserve Bank of New Zealand

Bank solvency stress test shows resilience to a stagflation scenario - Reserve Bank of New Zealand
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