Banking exposure to flooding

Send us a question/idea/opinion direct via text message!Amongst the usual review of weekly data and preview of the RBNZ OCR call this week, Nick and Kelvin also take a look at the RBNZ's latest paper on flooding exposure of the banking system. A couple of key insights extracted by Kelvin are:Property prices could fall 80 – 100% in the most extreme cases in NZ in the event of a large coastal flood – due at least in part to insurance withdrawal.25% of Auckland mortgages are vulnerable to a 1-in...