✨ Bank Disclosure Requirements
1118 NEW ZEALAND GAZETTE, No. 40 27 FEBRUARY 2008
7 Asset quality
(1) The information in subclause (2) in respect of—
(a) the overseas banking group as at the most recent date for which the information is publicly available: and
(b) the banking group.
(2) The following information:
(a) total individually impaired assets (before allowances for credit impairment loss and net of interest held in suspense):
(b) total individually impaired assets expressed as a percentage of total assets:
(c) total individual credit impairment allowance:
(d) total individual credit impairment allowance expressed as a percentage of total impaired assets
(e) total collective credit impairment allowance:
(f) non-financial assets acquired through the enforcement of security.
8 Peak credit exposure concentrations
(1) The following information for the first quarter accounting period or the most recent quarter of the third quarter accounting period (as applicable):
(a) the number of individual non-bank counterparties or groups of closely related counterparties of which a bank is not the parent to which the banking group has a peak end-of-day aggregate credit exposure which equals or exceeds 10% of the overseas banking group’s equity, in successive ranges of 10% of the overseas banking group’s equity:
(b) the number of individual bank counterparties or groups of closely related counterparties of which a bank is the parent to which the banking group has a peak end-of-day aggregate credit exposure which equals or exceeds 10% of the overseas banking group’s equity, in successive ranges of 10% of the overseas banking group’s equity.
(2) The information disclosed under subclause (1) must be calculated using the methodology set out in Schedule 5.
(3) A statement that the information disclosed under subclause (1) excludes exposures to the central government of any country with a long-term credit rating of A- or A3 or above, or its equivalent.
9 Ranking of local creditors in liquidation
(1) A statement whether, in a liquidation of an overseas bank, there are any material legislative or regulatory restrictions in the overseas bank’s country of incorporation that subordinate the claims of any class of unsecured creditors of the registered bank on the assets of the overseas bank to those of any other class of unsecured creditors of the overseas bank.
(2) If subclause (1) applies, the following information:
(a) the title of the legislation or regulations involved and a summary of the nature of the subordination of the rights of creditors of 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
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Schedule of key information summary requirements for registered banks
(continued from previous page)
💰 Finance & RevenueBank Disclosure, Financial Information, Credit Rating, Capital Adequacy, Asset Quality, Profitability, Size