RBNZ says ANZ has to hold more capital against housing and farm lending

By Jenny Ruth May 29 (BusinessDesk) - The Reserve Bank has imposed new conditions of registration on ANZ Bank requiring it to hold more capital against housing and farm lending from June 30. In its latest Financial Stability Report, the central bank says it has set minimum risk weights for ANZ, New Zealand’s largest bank, on the two lending categories. “Risk weights measure the riskiness of loans within a portfolio and determine capital requirements,” RBNZ says. “Minimum risk weights for ANZ were set following the conclusions of the...