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Jenee Tibshraeny: NZ Herald Wellington business editor on the Reserve Bank governor upping the ante against the major banks

Reserve Bank governor Adrian Orr has stepped up his verbal war against the big four banks.

It's been revealed Orr sent a letter using 'colourful' language to defend the amount of capital the Reserve Bank requires these banks to hold.

NZ Herald Wellington business editor Jenee Tibshraeny explains the issue further.

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