Banking Regulation Continuation




24 JUNE 2011 NEW ZEALAND GAZETTE, No. 87 2193

(2) The following criteria:

(a) a credit rating that applies to—

(i) the relevant entity’s long term senior unsecured obligations payable in New Zealand, in New Zealand dollars; or

(ii) the relevant entity’s long term senior unsecured foreign currency obligations:

(b) a credit rating given by a rating agency that has been approved by the Reserve Bank of New Zealand under section 80 of the Act.

(3) If an entity has 2 or more credit ratings that meet the criteria in subclauses (1) and (2) and those credit ratings are not the same, then the lowest credit rating applies.



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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2011, No 87





✨ LLM interpretation of page content

💰 Disclosure Requirements for Ultimate Parent Bank (continued from previous page)

💰 Finance & Revenue
Banking, Capital ratios, Disclosure, Basel II, Parent bank, Exposure classes, Credit risk, Scalar, Pillar 1 capital, Operational risk, Market risk, Supervisory adjustment, Residential mortgages, Loan-to-valuation ratio, Credit rating, Rating agency, Reserve Bank of New Zealand