Banks asses what stressors could destroy capital buffers; Kiwibank lifted its home loans business; Advisers wrote 63% of Westpac's new mortgages
Tuesday, November 5th 2024, 9:26AM
The Reserve Bank has had 13 banks design “severe but plausible” stress tests that would cause their capital to drop below regulatory minimums and the results show that it would take a set of more severe stresses than RBNZ's own stress scenarios. [READ ON]
Kiwibank has lifted its home loans business to now have an 8% market share, with about 64% of its mortgage business originated by advisers. [See here]
Mortgage advisers accounted for 63% of Westpac's new mortgage lending in the year ended September, the bank's chief executive Catherine McGrath told TMMO. [See here]
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