✨ Banking Regulations
2482 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
8 Peak credit exposure concentrations
(1) The following information for the first quarter accounting period or the most recent quarter of the third quarter accounting period (as applicable):
(a) the number of individual non-bank counterparties or groups of closely related counterparties of which a bank is not the parent to which the banking group has a peak end-of-day aggregate credit exposure which equals or exceeds 10% of the overseas banking group’s equity, in successive ranges of 10% of the overseas banking group’s equity:
(b) the number of individual bank counterparties or groups of closely related counterparties of which a bank is the parent to which the banking group has a peak end-of-day aggregate credit exposure which equals or exceeds 10% of the overseas banking group’s equity, in successive ranges of 10% of the overseas banking group’s equity.
(2) The information disclosed under subclause (1) must be calculated using the methodology set out in Schedule 5.
(3) A statement that the information disclosed under subclause (1) excludes exposures to the central government of any country with a long-term credit rating of A- or A3 or above, or its equivalent.
9 Ranking of local creditors in liquidation
(1) A statement whether, in a liquidation of an overseas bank, there are any material legislative or regulatory restrictions in the overseas bank’s country of incorporation that subordinate the claims of any class of unsecured creditors of the registered bank on the assets of the overseas bank to those of any other class of unsecured creditors of the overseas bank.
(2) If subclause (1) applies, the following information:
(a) the title of the legislation or regulations involved and a summary of the nature of the subordination of the rights of creditors of the registered bank:
(b) the nature and amount of each class of the registered bank’s liabilities that are so affected:
(c) if the registered bank is required by any statute to hold in New Zealand an excess of assets over deposit liabilities, the title of the statute and a description of the requirement and a statement as to whether, since the commencement of the accounting period, the registered bank has at all times complied with that requirement:
(d) if the overseas bank is subject to any regulatory or legislative requirement in the overseas bank’s country of incorporation to maintain sufficient assets in that country to cover an ongoing obligation to pay deposit liabilities in that country—
(i) the title of the legislation or regulations that impose the requirement; and
(ii) a description of the requirement; and
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
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Peak credit exposure concentrations
(continued from previous page)
💰 Finance & RevenueCredit exposure, Banking regulations, Non-bank counterparties, Bank counterparties, Equity, Disclosure statements
💰 Ranking of local creditors in liquidation
💰 Finance & RevenueLiquidation, Creditor ranking, Banking regulations, Legislative restrictions, Asset requirements, Deposit liabilities