✨ Banking Regulations
1138 NEW ZEALAND GAZETTE, No. 40 27 FEBRUARY 2008
10
Meaning of investment grade credit rating
For the purposes of this schedule, investment grade credit rating means a credit rating of BBB- or Baa3 or above, or its equivalent.
——————————
Schedule 6
Risk management policies
Contents Page
1 Categories of risk................................................................................... 1138
2 Information about risks.......................................................................... 1138
——————————
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 business 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
Next Page →
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 5: Concentration of credit exposures to individual counterparties
(continued from previous page)
💰 Finance & RevenueCredit Exposure, Banking Regulations, Financial Records, Risk Management, Capital Adequacy
💰 Meaning of investment grade credit rating
💰 Finance & RevenueInvestment Grade, Credit Rating, Financial Definitions
💰 Schedule 6: Risk management policies
💰 Finance & RevenueRisk Management, Banking Policies, Financial Risks
💰 Categories of risk
💰 Finance & RevenueRisk Categories, Credit Risk, Currency Risk, Interest Rate Risk, Equity Risk, Liquidity Risk, Operational Risk
💰 Information about risks
💰 Finance & RevenueRisk Information, Risk Management, Risk Monitoring, Risk Control