The RBNZ will design a framework so that debt-to-income restrictions on mortgage lending are ready to be used by mid-2023, if needed.
April 29, 2022An independent report found issues were acknowledged by the board for several years but they were not given due attention or effective remediation.
November 26, 2021Banks need to prepare their systems for the future introduction of DSRs, and should be operationally ready to implement a regulated DTI limit by end-2022.
November 24, 2021The court action against TSB Bank was the first civil proceedings brought by the RBNZ under the AML/CFT Act.
September 1, 2021Westpac failed to report almost 8000 corporate transactions to overseas recipients between July 2018 and February 2019, the RBNZ said.
August 11, 2021The RBNZ will further restrict high-LVR lending, and also consider the use of DTI restrictions and interest rate floors.
August 3, 2021The consultation seeks views on how financial market infrastructures will be identified as systemically important and the proposed approach to developing standards.
July 27, 2021The inclusion of risk adjustments in insurance liabilities is expected to increase capital requirements for life insurers.
July 27, 2021The minimum total capital requirement for banks will increase 9% from 1 July 2024. Banks will also be expected to hold a ‘Prudential Capital Buffer'.
June 18, 2021The court action and pecuniary penalties sought are a result of TSB Bank not responding sufficiently to the RBNZ's initial formal warning in 2016.
May 27, 2021