✨ Banking Regulations Definitions
27 FEBRUARY 2008
NEW ZEALAND GAZETTE, No. 40
1001
(b) if the Reserve Bank has, by notice in writing to the
registered bank, after consultation with the registered
bank, agreed to or required the inclusion or exclusion of
any entity or any part of any entity, means the financial
reporting group including or excluding that entity or
that part of that entity, as the case may be
capital, in relation to—
(a) an overseas bank or overseas banking group, means the
amount of capital held by the overseas bank or overseas
banking group, determined in accordance with the
requirements of the authority having the power to
impose minimum capital requirements on that overseas
bank or overseas banking group in its country of
domicile; and
(b) a banking group, means the amount of capital held by
the banking group, determined in accordance with the
conditions of registration relating to capital adequacy
for the registered bank heading that banking group.
Capital Adequacy Framework (Basel I Approach) (BS2)
means the current version of the Reserve Bank document
entitled "Capital Adequacy Framework (Basel I Approach)
(BS2)"
Capital Adequacy Framework (Standardised Approach) (BS2A)
means the current version of the Reserve Bank document
entitled "Capital Adequacy Framework (Standardised Approach)
(BS2A)"
Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
means the current version of the Reserve Bank document
entitled "Capital Adequacy Framework (Internal Models Based
Approach) (BS2B)"
collective credit impairment allowance means an allowance
for credit impairment loss on groups of financial assets
company—
(a) has the same meaning as in section 2(1) of the
Companies Act 1993; and
(b) includes an overseas company within the meaning of
that section
conditions of registration, in relation to a registered bank,
means the current conditions of registration imposed on that
registered bank by the Reserve Bank under section 74 of the
Act
Connected Exposures Policy (BS8) means the current version
of the Reserve Bank document entitled "Connected Exposures
Policy (BS8)"
counterparty has the same meaning it has in the definition of
"group of closely related counterparties" in NZ IFRS 7
credit risk has the same meaning as in NZ IFRS 7
currency risk has the same meaning as in NZ IFRS 7
director, in relation to a registered bank, means a person
holding office as a director of the registered bank
disclosure statement has the same meaning as in section 2(1)
of the Act
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 40
Gazette.govt.nz —
NZ Gazette 2008, No 40
✨ LLM interpretation of page content
💰
Registered Bank Disclosure Statement Order 2008
(continued from previous page)
💰 Finance & Revenue25 February 2008
Banking, Disclosure requirements, Financial statements, Capital adequacy, Basel II, IFRS, IAS, Supplemental disclosure