✨ Banking Disclosure Requirements
24 JUNE 2011 NEW ZEALAND GAZETTE, No. 88 2311
(2) Information on movements in the balance of the collective credit impairment allowance over the accounting period or interim accounting period (as applicable), separately disclosing—
(a) opening balance; and
(b) charge (credit) to statement of financial performance for increase or decrease in the collective credit impairment allowance; and
(c) other movements, and the nature of those other movements; and
(d) closing balance.
(3) Movements must be reconciled to the charges allocated to the statement of financial performance.
11 Asset quality breakdown by major type of credit exposure
(1) The information in subclause (2) in respect of the banking group.
(2) The information that is required to be disclosed under clauses 6, 8, 9 and 10 in respect of the classes of asset specified in subclauses 5(a) and 5(b) in relation to the following types of credit exposure:
(a) if the registered bank has not been 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 in accordance with Capital Adequacy Framework (Standardised Approach) (BS2A), the following:
(i) residential mortgage loans; and
(ii) on balance sheet corporate exposures; and
(iii) on balance sheet exposures excluding those referred to by subclauses (a)(i) and (a)(ii) and excluding exposures to sovereigns and central banks, multilateral development banks and other international organisations, public sector entities, and banks;
(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; and
(ii) retail exposures as defined in Capital Adequacy Framework (Internal Models Based Approach) (BS2B), excluding those referred to by subclause (b)(i); and
(iii) corporate exposures as defined in Capital Adequacy Framework (Internal Models Based Approach) (BS2B);
(c) in any other case, residential mortgage loans as defined in the conditions of registration.
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
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Banking Disclosure Requirements
(continued from previous page)
💰 Finance & RevenueDisclosure statements, Comparative figures, Material matters, Financial position, Related party transactions, Income statement, Accounting policies, Asset quality, Credit exposures, Risk management, Acceptances, Endorsements, Bills of exchange, Loan transfers, Securitisation, Financial assets, Individually impaired assets, Restructured assets, Enforcement of security, Real estate assets, Past due assets, Assets under administration, Interest revenue foregone, Pre-allowance balances, Movements in balances, Total individual credit impairment allowances, Allowances for impairment loss, Collective credit impairment allowance