✨ Banking Disclosure Regulations
1050
NEW ZEALAND GAZETTE, No. 40
27 FEBRUARY 2008
1
Categories of risk
Clause 2 applies if, since the date on which the signing of the
previous disclosure statement is completed, there has been a
material change in the banking group’s policies for managing
any of the following risks:
(a) credit risk, including concentrations of credit risk, intraday credit risk, credit risk to bank counterparties and related party credit risk:
(b) currency risk:
(c) interest rate risk:
(d) equity risk:
(e) liquidity risk:
(f) operational risk:
(g) any other material risk to which the banking group is exposed.
2
Information about risks
(1) A statement of the nature of the changes in the banking group’s policies for managing the risks specified in clause 1.
(2) If, since the date on which the signing of the previous disclosure statement is completed, the banking group has become exposed to a new category of risk specified in clause 1 to which the banking group was not previously exposed, the following information:
(a) the nature of that risk and the activities of the banking group that caused the risk:
(b) the methods used to identify and monitor exposure to that risk, including the frequency with which exposures are monitored:
(c) the systems and procedures for controlling that risk, including (if applicable)—
(i) whether exposure limits are employed; and
(ii) any policies with respect to collateral or other security; and
(iii) any policies on the use of financial instruments to mitigate or hedge risks.
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REBECCA KITTERIDGE, for Clerk of the Executive Council.
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Explanatory note
This note is not part of the order, but is intended to indicate its general effect.
This order, which comes into force on 30 March 2008, applies to a registered bank which is incorporated in New Zealand, in respect of each such bank’s off quarter (i.e. the first and third quarters of the bank’s financial year). It replaces the Registered Bank Disclosure Statement (Off-Quarter—New Zealand Incorporated Registered Banks) Order 2007.
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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
💰
Schedule 8: Risk management policies
(continued from previous page)
💰 Finance & RevenueRisk management, Policies, Categories of risk, Information about risks
- REBECCA KITTERIDGE, for Clerk of the Executive Council
💰 Explanatory note on Registered Bank Disclosure Statement Order
💰 Finance & RevenueBanking, Disclosure, Order, Off-Quarter, New Zealand Incorporated Registered Banks