✨ Banking Disclosure Requirements
1140
NEW ZEALAND GAZETTE, No. 40
27 FEBRUARY 2008
(a) information about credit ratings the bank is required to have,
and a disclosure of the current level of each such rating:
(b) short form financial statements for the banking group, including
details on asset quality:
(c) 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 off-
quarter and in respect of peak over the most recent quarter of
the accounting period to date:
(d) information, both as at the end of the off-quarter and in respect
of peak for the most recent quarter of the accounting period, on
the banking group’s exposure concentrations to individual
counterparties and groups of closely related counterparties:
(e) descriptions of the banking group’s policies and systems for
managing risks in respect of a new category of risk not
previously incurred by the banking group:
(f) the conditions of registration imposed by the Reserve Bank on
the registered bank pursuant to section 74 of the Reserve Bank
of New Zealand Act 1989:
(g) 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.
The general short form disclosure statement required by this order is an
abbreviated version of the general disclosure statement required by the
Registered Bank Disclosure Statement (Full and Half-Year—Overseas
Incorporated Registered Banks) Order 2008.
Each bank must also publish a supplemental disclosure statement,
unless the information it would include is contained in the general
short form 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:
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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
💰 Registered Bank Disclosure Statement Order 2008
💰 Finance & RevenueBanking, Disclosure, Financial Statements, Credit Ratings, Risk Management, Overseas Banks, Off-Quarters