Reserve Bank publishes summary of submissions on mortgage bond collateral standards
The Reserve Bank today published a summary of submissions following consultation on its review of mortgage bond collateral standards.
Deputy Governor Geoff Bascand said: "The feedback has provided useful insights into the terms under which the Reserve Bank should accept mortgage bonds as collateral and the proposed new standard in Residential Mortgage Obligations.”
“The Reserve Bank plans to follow up with stakeholders on the key issues raised.”
“We also expect to consult on a revised proposal with the aim of finalising the mortgage bond collateral policy review by the end of the year,” Mr Bascand said.
Review of mortgage bond collateral standards
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