✨ Risk Management Policies
NEW ZEALAND GAZETTE, No. 88
24 JUNE 2011
Schedule 6
Risk management policies
Contents Page
1 Categories of risk.....................................................................................2506
2 Information about risks..........................................................................2506
1
Categories of risk
Clause 2 applies if, since the date on which the signing of the previous disclosure statement is completed, there has been a material change in the banking group’s policies for managing any of the following risks:
(a) credit risk, including concentrations of credit risk, intra-day 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 risks
(1) A statement of the nature of the changes in the banking group’s policies for managing the risks specified in clause 1.
(2) If, since the date on which the signing of the previous disclosure statement is completed, the banking group has become exposed to a new category of risk specified in clause 1 to which the banking group was not previously exposed, the following information:
(a) the nature of that risk and the activities of the banking group that caused the risk:
(b) the methods used to identify and monitor exposure to that risk, including the frequency with which exposures are monitored:
(c) the systems and procedures for controlling that 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.
REBECCA KITTERIDGE, Clerk of the Executive Council.
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
💰
Meaning of investment grade credit rating
(continued from previous page)
💰 Finance & RevenueCredit rating, Investment grade, BBB-, Baa3, Rating criteria
💰 Risk management policies
💰 Finance & RevenueRisk management, Banking group, Credit risk, Currency risk, Interest rate risk, Equity risk, Liquidity risk, Operational risk
- REBECCA KITTERIDGE, Clerk of the Executive Council