✨ Financial Regulations Definitions
448 NEW ZEALAND GAZETTE, No. 21 28 FEBRUARY 2011
"Preparation and Presentation of Financial Statements" approved by the Accounting Standards Review Board
equity risk means the risk arising from changes in the prices of equity instruments
fair value has the same meaning as in NZ IAS 32
financial asset has the same meaning as in NZ IAS 32
financial instrument has the same meaning as in NZ IAS 32
financial liability has the same meaning as in NZ IAS 32
financial reporting group means a registered bank (as reporting entity) and all other entities included in the group as defined in section 2(1) of the Financial Reporting Act 1993
generally accepted accounting practice has the same meaning as in section 3 of the Financial Reporting Act 1993
government guarantee means a guarantee of all or some of a registered bank’s obligations, or a similar arrangement, provided—
(a) by the New Zealand government under a guarantee or similar arrangement; or
(b) by a sovereign authority in an overseas jurisdiction
group of closely related counterparties means a group of legal or natural persons who are related in such a way that—
(a) the financial soundness of any one of them may materially affect the financial soundness of the others;
(b) one has the power to control the others; or
(c) one has the capacity to exercise significant influence over the others
holding company has the same meaning as in section 5 of the Companies Act 1993
immediate relative, in relation to any person, means their spouse, civil union partner, or de facto partner (as defined in the Property (Relationships) Act 1976), and any parent, brother, sister or child, in each case whether or not adoptive, of that person or of their spouse, civil union partner or de facto partner
individual credit impairment allowance means an allowance for credit impairment loss on individual assets
individually impaired asset means a financial asset that is individually determined to be impaired in accordance with NZ IAS 39 paragraphs 58 to 62
insurance business, in relation to a registered bank, has the same meaning as in the conditions of registration for the registered bank
interest rate risk has the same meaning as in NZ IFRS 7
IRB approach means an internal ratings-based approach as described in Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
issuer has the same meaning as in section 4 of the Financial Reporting Act 1993
key management personnel has the same meaning as in NZ IAS 24
LGD means a loss given default determined in accordance with Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
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NZ Gazette 2011, No 21
✨ LLM interpretation of page content
💰
Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order 2011
(continued from previous page)
💰 Finance & Revenue21 February 2011
Banking, Disclosure Statements, Registered Banks, Reserve Bank of New Zealand Act 1989, Financial Statements, Auditing, Internet Publication, Definitions, Equity Risk, Fair Value, Financial Assets, Financial Instruments, Financial Liabilities, Financial Reporting Group, Generally Accepted Accounting Practice, Government Guarantee, Group of Closely Related Counterparties, Holding Company, Immediate Relative, Individual Credit Impairment Allowance, Individually Impaired Asset, Insurance Business, Interest Rate Risk, IRB Approach, Issuer, Key Management Personnel, LGD