✨ Financial Regulations
NEW ZEALAND GAZETTE, No. 21
28 FEBRUARY 2011
(b) if the registered bank has been fully accredited by the Reserve Bank to use the internal models based approach to capital adequacy and is subject to a condition of registration requiring capital adequacy to be measured primarily in accordance with Capital Adequacy Framework (Internal Models Based Approach) (BS2B), the following:
(i) exposures secured by residential mortgages;
(ii) retail exposures as defined in Capital Adequacy Framework (Internal Models Based Approach) (BS2B), excluding those referred to by subparagraph (i); and
(iii) corporate exposures as defined in Capital Adequacy Framework (Internal Models Based Approach) (BS2B); and
(iv) total credit exposures; and
(c) in any other case, the following:
(i) residential mortgage loans as defined in the conditions of registration; and
(ii) total credit exposures.
3 Past due assets
(1) The amount of assets that are, as at the reporting date, past due and not impaired, classified according to the following ageing categories:
(a) less than 30 days past due;
(b) at least 30 days but less than 60 days past due;
(c) at least 60 days but less than 90 days past due; and
(d) at least 90 days past due.
(2) To avoid doubt, a registered bank may disclose information in addition to that required by subclause (1) to provide further ageing analysis of past due assets but if additional ageing categories are used the amounts disclosed must be summed to provide the total amounts required to be disclosed by subclause (1).
4 Movements in individually impaired assets
Information on movements in the pre-allowance balance of individually impaired assets over the full year or half year accounting period as applicable, separately disclosing—
(a) the pre-allowance opening balance;
(b) additions;
(c) amounts written off;
(d) deletions;
(e) the pre-allowance closing balance; and
(f) the aggregate amount of individual credit impairment allowances against individually impaired assets at the reporting date.
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NZ Gazette 2011, No 21
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Additional Financial Disclosures
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💰 Finance & Revenue28 February 2011
Financial Statements, Disclosure, Banking Group, Credit Risk, Liquidity Risk, Mortgage Reconciliation, Residential Property, Housing Loans, Retail Mortgages, Asset Quality, Credit Exposure