RBNZ Financial Stability report: Acting to bolster financial system resilience

The Reserve Bank of NZ is acting to bolster financial system resilience - Reuters News

Key notes

• Decided to leave the LVR restrictions at current levels at this point in time.
• Strong bank capital buffers are key to enabling banks to absorb losses.
• Recent reviews of banks and life insurers, number of breaches reinforces need for institutions to improve behaviour.

More to come