✨ Banking Regulations
1094 NEW ZEALAND GAZETTE, No. 40 27 FEBRUARY 2008
(a) relate only to exposures held in the financial records of
the banking group; and
(b) be calculated as the amount that best represents the
banking group’s maximum exposure to credit risk
taking account of the guidance in paragraphs B9 and
B10 of NZ IFRS 7; and
(c) exclude credit exposures to the central government of
any country with a long-term credit rating of A- or A3
or above, or its equivalent.
3
Comparative figures
The information that is required to be disclosed under this
schedule must include comparative figures for the previous
corresponding period.
4
Overseas banking group’s equity: general requirements
(1) For the purposes of this schedule, the overseas banking group’s
equity must be either—
(a) determined as at the balance date; or
(b) the most recently publicly disclosed amount.(2) If the overseas banking group’s equity is not determined as at
the balance date, a statement of the date to which the measure
of equity relates.
5
Large bank exposures
(1) The information in subclause (2) in successive ranges of 10%
of equity, commencing at 10% of equity—
(a) as at the balance date; and
(b) in respect of peak end-of-day aggregate credit exposure
for the most recent quarter of the accounting period or
interim accounting period (as applicable).(2) The number of individual bank counterparties (which are not
members of a group of closely related counterparties), and
groups of closely related counterparties of which a bank is the
parent, to which the banking group has an aggregate credit
exposure that equals or exceeds 10% of the overseas banking
group’s equity.
6
Large non-bank exposures
(1) The information in subclause (2) in successive ranges of 10%
of equity, commencing at 10% of equity—
(a) as at the balance date; and
(b) in respect of peak end-of-day aggregate credit exposure
for the most recent quarter of the accounting period or
interim accounting period (as applicable).(2) The number of individual non-bank counterparties (which are
not members of a group of closely related counterparties) and
groups of closely related counterparties of which a bank is not
the parent to which the banking group has an aggregate credit
exposure that equals or exceeds 10% of the overseas banking
group’s equity.
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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
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Concentration of Credit Exposures to Individual Counterparties
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💰 Finance & RevenueCredit Exposure, Banking Regulations, Financial Disclosure, Risk Management