RBNZ consults on measurement of housing lending
The Reserve Bank today released a second housing capital consultation paper that reviews how housing loans should be measured.
This follows changes earlier this year to banks' capital requirements for high LVR housing loans and the introduction of LVR restrictions.
Reserve Bank Deputy Governor Grant Spencer said that it is desirable to be more precise about how the loan and valuation terms are defined and calculated.
The aim of the proposal is to enhance the consistency of these definitions for all banks subject to the LVR restriction and capital requirements for housing loans.
Submissions on the proposals are sought by 25 October 2013.
The consultation paper (PDF 614) is available on the Reserve Bank website:
Angus Barclay, Communications Adviser
Phone (04) 471 3698 or 027 337 1102, [email protected]