✨ Banking Regulations
4 NOVEMBER 2011
NEW ZEALAND GAZETTE, No. 169
4853
Schedule 14—Half year and off quarter
Risk management policies
Contents
| Page | ||
|---|---|---|
| 1 | Categories of risk | 4853 |
| 2 | Information about risk | 4853 |
1 Categories of risk
Clause 2 applies if, since the reporting date for the previous disclosure statement, there has been a material change in the registered bank’s 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; and
(g) any other material business risk to which the registered bank’s banking group is exposed.
2 Information about risk
(1) A statement of the nature of the changes in the registered bank’s banking group’s policies for managing the risks specified in clause 1.
(2) If, since the reporting date for the previous disclosure statement, the registered bank’s banking group has become exposed to a new category of risk specified in clause 1 to which the registered bank’s banking group was not previously exposed, the following information:
(a) the nature of that risk and the activities of the registered bank’s 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; and
(c) the systems and procedures for controlling that risk, including (if applicable)—
(i) whether exposure limits are employed;
(ii) any policies with respect to collateral or other security; and
(iii) any policies on the use of financial instruments to mitigate or hedge risks.
MICHAEL WEBSTER, for Clerk of the Executive Council.
Next Page →
NZ Gazette 2011, No 169
✨ LLM interpretation of page content
💰
Registered Bank Disclosure Statements (Overseas Incorporated Registered Banks) Order (No 4) 2011
(continued from previous page)
💰 Finance & RevenueBanking regulations, Disclosure statements, Risk management policies, Categories of risk, Information about risk
- MICHAEL WEBSTER, for Clerk of the Executive Council