✨ Banking Regulation Definitions
530 NEW ZEALAND GAZETTE, No. 21 28 FEBRUARY 2011
Capital Adequacy Framework (Standardised Approach)
(BS2A) means the Reserve Bank document entitled “Capital Adequacy Framework (Standardised Approach) (BS2A)”
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
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 locatedcredit rating is defined in clause 7 of Schedule 10 for the purposes of Schedule 10
credit risk has the same meaning as in NZ IFRS 7
currency risk has the same meaning as in NZ IFRS 7
equity refers to and has the same meaning as “equity” in the “New Zealand Equivalent to the IASB Framework for the 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 the New Zealand business of all the members of the registered bank’s group, where group has the same meaning as 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;
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NZ Gazette 2011, No 21
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Banking Regulation Definitions
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💰 Finance & RevenueBanking regulation, Definitions, Financial instruments, Reserve Bank of New Zealand