Regulatory Alerts2022-05-17
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Consultation Paper: Framework for restrictions on high-LVR residential mortgage lending
The Reserve Bank of New Zealand invites submissions on a proposed framework to implement quantitative restrictions on high loan-to-value ratio residential mortgage lending. The document details operational mechanisms including 'speed limit' caps on high-LVR lending shares, a three-month rolling compliance period, and specific exemptions for government schemes and refinancing. It also outlines necessary updates to the Banking Supervision Handbook and standard conditions of registration to ensure banks are prepared for potential deployment of these macro-prudential tools.
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