New Zealand Gazette – 2008 – No. 40

Page 1021

✨ Banking Disclosure Requirements



27 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 40 1021

(c) the registered bank had systems in place to monitor and
control adequately the banking group’s material risks,
including credit risk, concentration of credit risk,
interest rate risk, currency risk, equity risk, liquidity
risk, operational risk and other business risks, and that
those systems were being properly applied.

15 Auditor’s report
If the general short form disclosure statement has been audited
or reviewed by an external auditor, the following:

(a) a statement of the nature and scope of the audit or
review:

(b) a copy of the auditor’s report.

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Schedule 3

Short form financial statements and asset quality

Contents Page

Short form financial statements

1 Currency must be New Zealand dollars................................................1021
2 Comparative information...................................................................1021
3 Changes in accounting policies..........................................................1022
4 Financial information.......................................................................1022

Asset quality

5 Classes of assets to which this Part applies......................................1023
6 Aggregate amounts...........................................................................1023
7 Movements in balances of total individual credit impairment
allowances or allowances for impairment loss created in respect
of non-financial assets.......................................................................1024
8 Movements in balance of collective credit impairment allowance........1024
9 Credit risk on loans and receivables at fair value...............................1025
10 Asset quality breakdown by major type of credit exposure................1025

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Short form financial statements

1 Currency must be New Zealand dollars
Any monetary amount that is required to be disclosed under
clause 4 must be New Zealand dollars.

2 Comparative information
The information that is required to be disclosed under clause 4
must include comparative figures for the previous
corresponding period.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 40


Gazette.govt.nz — PDF NZ Gazette 2008, No 40




✨ LLM interpretation of page content

💰 Registered Bank Disclosure Statement Order 2008 (continued from previous page)

💰 Finance & Revenue
25 February 2008
Banking, Disclosure requirements, Guarantee details, Supplemental disclosure statement, Material cross guarantees, Conditions of registration, Credit rating, Insurance business, Directors’ statements, Auditor's report, Financial statements, Asset quality