RBNZ seeks liquidity and stability with new mortgage bond standard
New Zealand central bank hopes standard will support market liquidity and improve its own risk position
The Reserve Bank of New Zealand is planning to introduce an enhanced standard for mortgage bonds with the aim of boosting liquidity and activity in the domestic debt market.
In the consultation paper published today (November 17), the RBNZ solicits feedback on the use of mortgage bonds as collateral in its liquidity facilities, and outlines a new standard for the bonds that it terms “residential mortgage obligations”.
RMO is a new format for mortgage bonds which aims to make the securitised
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