New Eligibility Criteria for Residential Mortgage Backed Securities

Media Release Number 2012-31: The RBA is introducing new criteria for eligibility of residential mortgage backed securities (RMBS) in its operations. Issuers of RMBS will be required to provide more detailed information than is currently the case. The new information, which will have to be kept up to date, covers both transaction-related data as well as information on the underlying assets.