RBNZ closing loan valuation loopholes
The Reserve Bank of New Zealand (RBNZ) is pushing for great consistency in the way banks measure housing loans, to ensure its new loan-to-value limits apply equally across the sector. It has proposed a host of linguistic changes in the capital requirements governing banks' operations that, subject to the outcome of its industry consultation, will take effect in the first quarter of 2014.
The RBNZ announced in August that it would restrict the amount of low-deposit lending banks can conduct, in
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