✨ Banking Regulations Definitions
24 JUNE 2011 NEW ZEALAND GAZETTE, No. 88 2467
reporting group including or excluding that entity or that part of that entity, as the case may be
capital, in relation to an overseas bank or overseas banking group, means the amount of capital held by the overseas bank or overseas banking group, determined in accordance with the requirements of the authority having the power to impose minimum capital requirements on that overseas bank or overseas banking group in its country of domicile
Capital Adequacy Framework (Basel I Approach) (BS2)
means the current version of the Reserve Bank document entitled “Capital Adequacy Framework (Basel I Approach) (BS2)”
Capital Adequacy Framework (Standardised Approach) (BS2A)
means the current version of 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 current conditions of registration imposed on that registered bank by the Reserve Bank under section 74 of the Act
counterparty
has the same meaning it has in the definition of “group of closely related counterparties” in NZ IFRS 7
credit risk
has the same meaning as in NZ IFRS 7
currency risk
has the same meaning as in NZ IFRS 7
director, in relation to an overseas bank, means a person occupying the position of director of the overseas bank by whatever name called who whether by himself or herself, or in conjunction with other directors acting as a board of directors, has the powers necessary for managing, and for directing and supervising the management of, the business and affairs of the overseas bank
disclosure statement
has the same meaning as in section 2(1) of the Act
equity
has the same meaning as “equity” in the “New Zealand Equivalent to the IASB Conceptual Framework for Financial Reporting”
equity exposure, in relation to a banking group, means the amount of the change in the economic value of equity instruments that are financial assets and financial liabilities of the banking group in a single currency, which would occur as a result of a change in the price of equity instruments in that currency
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
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NZ Gazette 2011, No 88
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💰 Definitions for Banking Regulations
💰 Finance & RevenueBanking regulations, Definitions, Capital, Credit risk, Equity