RBNZ consults on new mortgage bond standard


The Reserve Bank of New Zealand today published a consultation paper proposing a new mortgage bond standard aimed at supporting confidence and liquidity in the New Zealand markets.  

This follows an initial consultation in November 2017 and ongoing discussion with issuers and investors over the past year. 

The new mortgage bond standard aims to:

  • reduce contingency risks for the Reserve Bank as a lender of last resort and ensure financial intermediaries supply sufficient high quality and liquid assets; and
  • provide issuers and investors with an additional funding and investment instrument, supporting the development of deeper capital markets.

The consultation paper summarises the changes proposed in response to the key issues raised by industry and sets out the revised mortgage bond standard in an exposure draft for final consultation.

The Bank expects to issue final decisions in March 2019, and commence implementation from June 2019. A five-year transition to full implementation is proposed.

The consultation closes at 5.00 pm on Friday 22 February 2019.

Read the RBNZ consultation material

What's On

Upcoming courses, seminars and networking opportunities for your professional development

JUL

23

Information Session: Australian Business Securitisation Fund

Sydney

JUL

24

Securitisation Fundamentals course

Sydney

JUL

25

Information Session: Australian Business Securitisation Fund

Melbourne

AUG

7/8

Securitisation Professionals course

Sydney

AUG

15

Women in Securitisation networking event

Melbourne

SEP

3

Securitisation Fundamentals course

Melbourne

SEP

10/11

Securitisation Applied course

Sydney

SEP

12

Australian Securitisation Investor Seminar

Tokyo

OCT

8/9

Securitisation Professionals course

Melbourne

OCT

17/18

IMN Asian Structured Credit Summit

Hong Kong

NOV

18/19

Australian Securitisation Conference

Hilton, Sydney

Australian Securitisation Journal

The Australian Securitisation Journal (ASJ) is the official journal of the Australian Securitisation Forum. The ASJ is published by KangaNews on a semi-annual basis.

Read the official journal of the ASF

Market snapshot

View a snapshot of the Australian structured credit market, courtesy of Macquarie Debt Markets Research. Key data is refreshed on a monthly basis.

View the latest market activity