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RBNZ focuses on maintaining sound financial system
New Zealand’s financial system remains sound, Reserve Bank Governor Graeme Wheeler said today, when releasing the Bank’s November 2013 Financial Stability Report. “Banks are well capitalised and have strengthened their funding base, while non-performing loans continue to decline. “Nevertheless, there are risks to the financial system and the Reserve Bank has taken steps to address these,” Mr Wheeler said. “The main threat to the financial system is the risk associated with imbalances in the housing market The previously announced loan-to-value ratio (LVR) measures, starting from 1 October, are intended to ... (full story)
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