The Business Times
business-time-50

NZ central bank sets new mortgage rules for lenders

google-preferred-sourceAdd BT as a preferred source
Published Fri, May 29, 2015 · 09:50 PM

Wellington

NEW Zealand's central bank has announced new mortgage regulations for lenders, requiring them to hold more capital against loans to residential property investors, in an attempt to curb risky lending as house prices hit record highs.

From Oct 1, residential mortgage loans will be broken down into investment and non-investment categories, the Reserve Bank of New Zealand (RBNZ) said on Friday.

TRENDING NOW

The income upgrade has rendered the Philippines “too wealthy” to qualify for the concessional foreign aid and development loans.

Philippines’ income upgrade hides grim reality for most Filipinos

Temasek Global Investments CEO Chia Song Hwee believes AI can help lower the probability of missing out on good investments.

How Temasek is leveraging AI for better all-round performance

The hiring push comes as Singapore’s banks expand their wealth franchises across Asia.

Singapore banks’ battle for wealth talent goes beyond private bankers

HSBC Singapore CEO Wong Kee Joo says the expansion “reflects our confidence in the country’s future as a leading wealth, trade, and innovation hub”.

Wanted: 100 AI specialists, 100 wealth relationship managers at HSBC Singapore

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More