Reserve Bank gives banks a year to get ready for debt-to-income restrictions

Reserve Bank gives banks a year to get ready for  debt-to-income restrictions
The Reserve Bank's Kate Le Quesne said DTIs could reduce the risk of a housing-related crisis. (Image: RBNZ)
Jenny Ruth
The Reserve Bank is telling banks to ready their systems and processes within 12 months so they can comply with the possible future use of debt-to-income restrictions (DTIs) on bank mortgage lending.The central bank announced in April last year that it was adding DTIs to its macro-prudential toolkit and began consulting on what the framework should look like.“DTI restrictions on residential mortgage lending, when implemented, set limits on the amount of debt borrowers can take on relative to their income,” said Kate Le Quesne, the R...

More Finance

Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025
Wow. It’s all basketball!
Finance

Wow. It’s all basketball!

US investment in basketball is lapping at our shores in more ways than one.

Pattrick Smellie 25 Mar 2025
FMA files criminal charges against David McEwen
Finance

FMA files criminal charges against David McEwen

New Zealand’s financial watchdog has filed criminal charges against former financial adviser David McEwen for allegedly failing to comply with a stop order, which prevented him from contacting potential investors.The Financial Markets Authority (FMA) had made a permanent stop ord...

Staff reporters 18 Mar 2025
FNZ employee shareholders revolt over latest capital raise
Finance Exclusive

FNZ employee shareholders revolt over latest capital raise

Long-standing employees believe new raise halves their holdings.

Victoria Young 14 Mar 2025