RBNZ to hold covered bond consultation

20 May 2010

The Reserve Bank of New Zealand will launch a consultation on the development of a covered bond policy in the coming months.

The central bank’s plan was revealed in its Financial Stability Report, which was published on Wednesday.

Under a new liquidity policy that came into effect in April, New Zealand’s registered banks must have a "core funding requirement" (CFR) of 65%, meaning that this proportion of their funding must come ...

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