The Reserve Bank says it agrees with those who say loan-to-value ratio “speed limits” are a better way of implementing restrictions than blanket rules.
It has reported back on the results of its public consultation on proposed macroprudential tools and confirmed it is adding loan-to-value restrictions, a countercyclical capital buffer, and adjustments to the core funding ratio and sector capital requirements to its toolkit to counteract asset price bubbles and financial system instability.
It said the tools would be deployed only when necessary and it was hoped that sometimes simply a warning from the Bank that it was considering using the tools would be enough to curb problem credit growth...MORE»
Friday, May 17th, 10:56AM 1 comment
Ratings agency Standard and Poor’s has revised its outlook on some banks and credit unions moving their ratings from stable to negative. This means they each could be facing a ratings downgrade.MORE»
Thursday, May 16th, 6:00AM 1 comment
The final step in the sale of Mike Pero Mortgages has started, accompanied by a war of words between joint venture partners NZF and Liberty Financial and revelations of a disputed shareholder loan.MORE»
Kiwibank has switched its headline home loan special rate from one year to two years.MORE»
Loan-to-value restrictions would be difficult to implement and less effective if they were not applied across the board, the Reserve Bank said in its six-monthly financial report, out today.MORE»
ASB is expecting floating home loan interest rates to reach 6% by March next year.MORE»
BNZ has started the week by upping the ante in the one-year home loan rate market.MORE»
Westpac New Zealand wants to be at the forefront of responsible lending in New Zealand, its head of retail banking says.MORE»