✨ Banking Disclosure Requirements
1100
NEW ZEALAND GAZETTE, No. 40
27 FEBRUARY 2008
(d)
information on exposures to credit risk and market risk. A bank
is required to disclose measures of exposure to each category of
market risk (interest rate risk, currency risk and equity risk)
based on a notional capital charge, both as at the end of the half
year or full year and peak over the most recent quarter of the
accounting period to date:
(e)
information, both as at the end of the half year or full year and
in respect of peak for the most recent quarter of the accounting
period, on exposure concentrations to individual counterparties
and groups of closely related counterparties:
(f)
descriptions of the banking group’s policies and systems for
identifying, monitoring and managing its risks:
(g)
the conditions of registration imposed by the Reserve Bank on
the registered bank under section 74 of the Reserve Bank of
New Zealand Act 1989:
(h)
statements signed by the directors and the New Zealand chief
executive officer of the bank, including an attestation as to
whether the directors and the New Zealand chief executive
officer are satisfied that the banking group had systems in place
to monitor and control adequately the group’s material business
risks and whether the controls have been properly applied over
the reporting period, and a statement that the disclosure
statement is not false or misleading:
(i)
information on the banking group’s funds management and
securitisation activities, the marketing and distribution of
insurance products, to the extent it has any:
(j)
information on the directorate and auditors of the bank.
Each bank must also publish a supplemental disclosure statement,
unless the information it would include is contained in the general
disclosure statement. The supplemental disclosure statement must be
made available free of charge, immediately if the request is made at a
bank’s head office, or within 5 working days if the request is made at a
bank branch or at any customer-accessible bank premises other than
the head office. It must also be readily available on the bank’s internet
website. This order requires the following information to be contained
in a supplemental disclosure statement:
(a)
the contract of guarantee and financial statements of any
guarantor, where the material obligations of the overseas bank
are guaranteed:
(b)
if the overseas bank has entered into any material cross
guaranteeing arrangements, a copy of the full guarantee
contract if there is a contract which sets out, or is representative
of, the rights and obligations of all the cross guarantors:
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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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Registered Bank Disclosure Statement Order 2008
(continued from previous page)
💰 Finance & RevenueBanking, Disclosure, Financial Statements, IFRS, Overseas Banks, Risk Management