The Reserve Bank is extending the consultation period for the proposed mortgage bond standard.
The new standard is aimed at supporting confidence and liquidity in the New Zealand markets. Consultation began in November.
Following requests from stakeholders, the Reserve Bank has extended the consultation period by two weeks. Feedback is now due by 5.00pm on 8 March 2019.
Submissions and a response to submissions will be published soon after consultation closes. The timeline for implementation will be updated when final decisions are made. The Reserve Bank is proposing a five-year implementation timeline.
The Reserve Bank has also published a draft template to assist banks to provide loan level data under the proposed mortgage bond standard.
More information:
Media Contact:
Roger Marwick
External Communications Adviser
Phone: 04 471 3694
Email: [email protected]