BRIEF-Reserve Bank Of New Zealand Announces Decision On Mortgage Bond Standards

Reserve Bank of New Zealand: * RESERVE BANK HAS DECIDED NOT TO INTRODUCE NEW MORTGAGE BOND STANDARDS THROUGH RESIDENTIAL MORTGAGE OBLIGATIONS

* SINCE EXTERNAL CONSULTATION, RBNZ MADE ENHANCEMENTS TO EXISTING MORTGAGE BOND COLLATERAL STANDARDS VIA CHANGES TO REPO-ELIGIBILITY CRITERIA * WILL CONTINUE TO SEEK ENHANCEMENTS TO CURRENT GENERATION OF RESIDENTIAL MORTGAGE BACKED SECURITIES TO ENSURE IT REMAINS FIT-FOR-PURPOSE Further company coverage: