✨ Banking Disclosure Requirements
996
NEW ZEALAND GAZETTE, No. 40
27 FEBRUARY 2008
accounting practice, including asset quality and risk concentration information:
(d) information on capital adequacy (using the Reserve Bank of New Zealand’s capital adequacy framework). A bank is required to disclose capital charges for each category of market risk (interest rate risk, currency risk and equity risk) 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 peak over the most recent quarter of the accounting period to date, on exposure concentrations to individual counterparties and groups of closely related counterparties and to connected persons:
(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:
(h) statements signed by the directors of the bank, including an attestation as to whether the directors 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, and 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 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) if the registered bank has adopted an Internal Ratings Based approach to credit risk under the Basel II capital adequacy framework, a description of that approach and a discussion of the control mechanisms surrounding the rating systems:
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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
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💰 Finance & RevenueBanking, Disclosure requirements, Financial statements, Capital adequacy, Basel II, IFRS, IAS, Supplemental disclosure