The Reserve Bank says it will review its Open Bank Resolution bank failure tool once the planned depositor compensation scheme is rolled out amid suggestions from the New Zealand Bankers’ Association that the OBR will remain the Reserve Bank’s primary resolution and depositor protection tool for large banks.
Month: December 2022
Framework for Debt-to-Income Restrictions – Design Elements and Exposure Draft
Reserve Bank of New Zealand
Are we on the brink of a wave of mortgagee sales?
New Zealand Bankers’ Association chief executive Roger Beaumont says in the current climate it is not surprising to see mortgagee sales starting to rise. But mortgagee sales are a “last resort”, he says. They are also rare, and represent a tiny fraction of the around 1.25 million home loans there are in New Zealand.
Science reforms a step in the right direction, say submitters
The NZ Bankers’ Association submitted that the crown research institute model made it extremely difficult for businesses to access and use this data.
Recent Comments