Regulatory Alerts2026-05-12
Reserve Bank of New Zealand Macroprudential Policy Framework May 2026
The Reserve Bank of New Zealand outlines its macroprudential policy framework to mitigate systemic risks and support financial stability through borrower-based and capital tools. The framework employs loan-to-value and debt-to-income restrictions to address housing market risks, while counter-cyclical capital buffers and sectoral requirements target banks' balance sheets. The Financial Policy Committee will review these settings at least annually, maintaining long-run parameters while retaining the flexibility to tighten measures during periods of elevated systemic risk.
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