RBNZ Gives Banks More Time to Reclassify Lending to Investors

The Reserve Bank publishes its decisions about bank capital adequacy requirements for residential property investment mortgage loans and a regulatory impact statement.

  • Banks have until Oct 2016 to reclassify existing lending to residential property investors into a new asset class
  • NOTE: RBNZ said May 13 existing loans must be reclassified by June 30, 2016

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