Reserve Bank scraps plans for mortgage bond standard

Mon, 05 Dec 2022

The Reserve Bank has backed away from introducing new standards for mortgage-backed bonds under its proposed residential mortgage obligations. Instead, it will focus on making the current residential mortgage-backed securities 'fit for purpose'.The decision follows the central bank's deferral of a new mortgage bond collateral standard until after the borrowing window of the funding for lending programme, which closes this month. The bank's review of proposed residential mortgage obligations, effectively the terms under...

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