Banking
Bell Gully poses the question of whether NZ will follow Australian move to ease responsible lending rules as Morgan Stanley assesses the impact of the move on the parents of NZ's big four banks
29th Sep 20, 9:37am
by
*This article was published in our email for paying subscribers. See here for more details and how to subscribe.
1 Comments
Is this responsible RBNZ regulatory oversight:
Banks extending 60 % of their lending to one third of already wealthy households to speculate in the residential property market because the RBNZ offers them an RWA capital reduction incentive to do so.
Or this:
RBNZ cutting OCR in half five times since July 2008, causing the rich to capitalise rising discounted present values of future asset cash flows.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.