✨ Banking Regulations Definitions
28 FEBRUARY 2011
NEW ZEALAND GAZETTE, No. 21
447
capital, in clause 5 of Schedule 2, in relation to—
(a) an overseas banking group, means the amount of capital
held by the overseas banking group, determined in
accordance with the requirements of the authority
having the power to impose minimum capital
requirements on the overseas banking group; and
(b) a banking group, means the amount of capital held by
the banking group, determined in accordance with the
conditions of registration relating to capital adequacy
for the registered bank heading that banking group
Capital Adequacy Framework (Basel I Approach) (BS2)
means the Reserve Bank document entitled “Capital Adequacy
Framework (Basel I Approach) (BS2)”
Capital Adequacy Framework (Standardised Approach)
(BS2A) means the Reserve Bank document entitled “Capital
Adequacy Framework (Standardised Approach) (BS2A)”
Capital Adequacy Framework (Internal Models Based
Approach) (BS2B) means the Reserve Bank document entitled
“Capital Adequacy Framework (Internal Models Based
Approach) (BS2B)”
collective credit impairment allowance means an allowance
for credit impairment loss on groups of financial assets
company—
(a) has the same meaning as in section 2(1) of the
Companies Act 1993; and
(b) includes an overseas company within the meaning of
that section
conditions of registration, in relation to a registered bank,
means the conditions of registration imposed on the registered
bank by the Reserve Bank under section 74 of the Act
Connected Exposures Policy (BS8) means the Reserve Bank
document entitled “Connected Exposures Policy (BS8)”
country of domicile for a registered bank is either—
(a) the country or jurisdiction determined by the Reserve
Bank and notified to the registered bank; or
(b) if paragraph (a) does not apply, the country that falls
into the greatest number of the following categories:
(i) the country of its home supervisor for banking
supervisory purposes;
(ii) the country in which it is incorporated;
(iii) the country of its principal place of business
outside New Zealand; and
(iv) the country in which its head office is located
credit rating is defined in clause 6 of Schedule 13 for the
purposes of Schedule 13
credit risk has the same meaning as in NZ IFRS 7
currency risk has the same meaning as in NZ IFRS 7
EAD means an exposure at default determined in accordance
with Capital Adequacy Framework (Internal Models Based
Approach) (BS2B)
equity refers to and has the same meaning as “equity” in the
“New Zealand Equivalent to the IASB Framework for the
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NZ Gazette 2011, No 21
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Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order 2011
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💰 Finance & Revenue21 February 2011
Banking, Disclosure Statements, Registered Banks, Reserve Bank of New Zealand Act 1989, Financial Statements, Auditing, Internet Publication