New Zealand looks afresh at capital adequacy to control lending

New Zealand is looking to address its housing boom through increasing bank reserves for riskier mortgages, according to Reserve Bank governor Alan Bollard. The bank believes it will be able to achieve this partly via Basel II capital adequacy rules, and may now look to introduce rules more quickly. Basel II is slated to be introduced in the country next January.The comments came in the wake of publication of the bank’s bi-annual Financial Stability Report. The report, which analysed the heal

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