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Consultation on new mortgage bond standard extended
15 February 2019
Consultation on new mortgage bond standard extended and loan template published
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:
• Residential mortgage loan level data
template (XLSX 3MB)
• Review of mortgage bond collateral
standards
ends
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