✨ Banking Regulations Definitions
1002
NEW ZEALAND GAZETTE, No. 40
27 FEBRUARY 2008
EAD refers to exposure at default determined in accordance
with Capital Adequacy Framework (Internal Models Based
Approach) (BS2B)
equity refers to and has the same meaning as “equity” in the
“New Zealand Equivalent to the IASB Framework for the
Preparation and Presentation of Financial Statements” approved
by the Accounting Standards Review Board as amended from
time to time.
equity exposure, in relation to a banking group, means the
amount of the change in the economic value of equity
instruments that are financial assets and financial liabilities of
the banking group in a single currency, which would occur as a
result of a change in the price of equity instruments in that
currency
equity risk means the risk arising from changes in the prices of
equity instruments
fair value has the same meaning as in NZ IAS 32
financial asset has the same meaning as in NZ IAS 32
financial asset acquired through the enforcement of
security has the same meaning as in NZ IFRS 7
financial instrument has the same meaning as in NZ IAS 32
financial liability has the same meaning as in NZ IAS 32
financial reporting group means—
(a) a registered bank (as reporting entity); and
(b) all other entities included in the group (as defined in
section 2(1) of the Financial Reporting Act 1993)
first quarter accounting period means—
(a) the first 3 month period of an accounting period; or
(b) if clause 21 applies, the first quarter accounting period
determined by the Reserve Bank
generally accepted accounting practice has the same meaning
as in section 3 of the Financial Reporting Act 1993
group of closely related counterparties has the same meaning
as in NZ IFRS 7
holding company has the same meaning as in section 5 of the
Companies Act 1993
immediate relative, in relation to any person, means their
spouse, civil union partner, or de facto partner (as defined in the
Property (Relationships) Act 1976), and any parent, brother,
sister or child, in each case whether or not adoptive, of that
person or of their spouse, civil union partner, or de facto partner
independent director, in relation to a registered bank, has the
same meaning as in the conditions of registration for the
registered bank
individual credit impairment allowance means an allowance
for credit impairment loss on individual assets
individually impaired asset means a financial asset that is
individually determined to be impaired at reporting date in
accordance with NZ IAS 39 paragraphs 58 to 62
insurance business, in relation to a registered bank, has the
same meaning as in the conditions of registration for the
registered bank
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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, Definitions, Banking terms, Financial instruments