Nov 11 (Reuters) –
* RBNZ DELAYS START DATE FOR INCREASES IN BANK CAPITAL
* RBNZ – INCREASE IN PRUDENTIAL CAPITAL BUFFER WILL NOT BEGIN UNTIL JULY 2022
* RBNZ – FURTHER DELAYING START OF INCREASES IN BANK CAPITAL UNTIL 2022 TO ALLOW BANKS CONTINUED HEADROOM TO RESPOND TO EFFECTS OF COVID-19 PANDEMIC
* RBNZ – REMAINS COMMITTED TO INCREASING CAPITAL REQUIREMENTS IN THE MEDIUM-TERM TO UNDERPIN FINANCIAL STABILITY
* RBNZ – OTHER ASPECTS OF CAPITAL REFORMS WILL PROCEED FROM 1 JULY 2021, INCLUDING NEW RULES AROUND CAPITAL INSTRUMENTS
* RBNZ – IN DEC, RESERVE BANK WILL CONSULT ABOUT RE-INSTATING LOAN-TO-VALUE RATIO RESTRICTIONS ON HIGH-RISK LENDING FROM 1 MARCH 2021
* RBNZ – WRITTEN TO INSURERS TO ADVISE IT HAS UPDATED EXPECTATIONS ON DIVIDENDS
* RBNZ – RESTRICTIONS ON DIVIDENDS & REDEEMING NON-COMMON EQUITY TIER 1 CAPITAL INSTRUMENTS TO BE RETAINED UNTIL 31 MARCH 2021, OR LATER IF NEEDED
* RBNZ – EXPECTS INSURERS WILL ONLY MAKE DIVIDEND PAYMENTS IF IT IS PRUDENT TO DO SO, HAVING REGARD TO THEIR OWN STRESS TESTING AND ELEVATED RISKS Source text here
