✨ Risk Management Policies
2462 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
Schedule 8
Risk management policies
Contents
| Page | ||
|---|---|---|
| 1 | Categories of risk | 2462 |
| 2 | Information about risk | 2462 |
| 3 | Reviews of banking group’s risk management systems | 2462 |
| 4 | Internal audit function of banking group | 2463 |
| 5 | Access to parental disclosures | 2463 |
1 Categories of risk
Clause 2 applies to the following categories of risk:
(a) credit risk, including concentrations of credit risk, intraday credit risk, credit risk to bank counterparties, and related party credit risk:
(b) currency risk:
(c) interest rate risk:
(d) equity risk:
(e) liquidity risk:
(f) operational risk:
(g) any other material business risk to which the banking group is exposed.
2 Information about risk
The following information in respect of each of the categories of risk set out in clause 1, to the extent not otherwise disclosed to comply with paragraph of NZ IFRS 7:
(a) an explanation of the nature of the risk and the activities of the banking group that give rise to that risk:
(b) a general description of the methods used to identify and monitor exposure to the risk, including the frequency with which exposures are monitored:
(c) a general description of the systems and procedures for controlling the risk, including (if applicable)—
(i) whether exposure limits are employed; and
(ii) any policies with respect to collateral or other security; and
(iii) any policies on the use of financial instruments to mitigate or hedge risks.
3 Reviews of banking group’s risk management systems
A statement as to—
(a) the nature and frequency of any reviews conducted in respect of the banking group’s risk management systems; and
(b) whether any such reviews were conducted by a party external to the banking group, overseas banking group, ultimate parent bank, or ultimate holding company.
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
💰
Securitisation, funds management, and insurance activities
(continued from previous page)
💰 Finance & RevenueSecuritisation, Funds management, Insurance products, Banking regulations, Financial activities, Comparative figures, Reporting requirements
💰 Risk Management Policies for Banking Groups
💰 Finance & RevenueRisk management, Banking regulations, Credit risk, Currency risk, Interest rate risk, Equity risk, Liquidity risk, Operational risk, Internal audit, Parental disclosures