In addition, the Government has recently announced an increase in the earthquake cover levy component of home insurance, to cover the costs faced by the EQC and to rebuild its Natural Disaster Fund. Banks and other financial institutions may have to absorb bad debts from some households and businesses as a result of the earthquakes.
10 / 13  BIS central bankers' speeches  11 / 13  BIS central bankers' speeches  Conclusion The Securitisation Dataset plays a crucial role in allowing the Reserve Bank to accept assetbacked securities as collateral in our domestic market operations. The development of this database and its availability to investors has also helped to enhance the transparency of the securitisation market.