Interview: The Co-operative Bank CEO Mark Wilkshire on the housing market, bank capital and climate change

Earlier this week I interviewed Mark Wilkshire, the CEO of the Co-operative Bank, from his Wellington office. We talked about:* the current situation in the economy and housing market;* how changes to capital requirements for banks is affecting the bigger and smaller banks, and the need for a level playing field;* the effects of the renewed Loan to Value Ratio restrictions and the new Debt to Income multiple controls;* how the new Deposit Compensation Scheme is progressing, including how there’s been a pick-up in term deposit savings at The Co-operative Bank; and,* how banks and insurers are assessing the effects of climate change.Chapters* 00:00 Introduction to the Cooperative Bank* 02:49 Current Economic Climate and Customer Sentiment* 05:50 Capital Requirements and Regulatory Changes* 09:01 Lending Controls and Their Impact* 11:48 Deposit Guarantee Scheme and Market Changes* 14:55 Extreme Weather Events and Climate Risks* 29:59 Future of Banking in a Changing EnvironmentThe transcript of the conversation is above and I welcome comments below from subscribers.cheersBernard This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit thekaka.substack.com/subscribe