✨ Banking Regulation Amendment
16 NOVEMBER 2012 NEW ZEALAND GAZETTE, No. 137 4009
(3) After clause 16(3) of Schedule 11 insert:
"(4) Despite clause 16 in subpart 1 of Part 2, a comparative figure that must be disclosed under subclause (3) for a date on or before 30 September 2012 may be the figure previously determined in accordance with Capital Adequacy Framework (Basel I Approach) (BS2) for the date on or before 30 September 2012.
"(5) If a comparative figure is determined in accordance with Capital Adequacy Framework (Basel I Approach) (BS2) and disclosed in reliance on subclause (4), the disclosure of the comparative figures must be accompanied by a statement that identifies the capital adequacy frameworks that have been used to calculate the respective comparative figures."
MICHAEL WEBSTER, for Clerk of the Executive Council
Explanatory note
This note is not part of the order, but is intended to indicate its general effect.
This Order comes into force on 31 December 2012 and amends the Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order (No 2) 2012.
The purpose of this Order is to change the basis for the disclosure of solo capital adequacy ratios by New Zealand-incorporated banks that are subject to the internal models-based approach to capital adequacy. These banks will now be required to disclose their solo capital ratios calculated in accordance with “Capital Adequacy Framework (Internal Models Based Approach) (BS2B)” rather than “Capital Adequacy Framework (Basel I Approach) (BS2)”.
This Order in Council is administered in the Reserve Bank of New Zealand.
PUBLISHED BY THE
DEPARTMENT OF INTERNAL AFFAIRS
PRINTED BY BLUE STAR GROUP
newzealand.govt.nz INTERNAL AFFAIRS
ISSN 0111-5650
ISSN 1177-8415
Price $2.50 (inc. GST)
✨ LLM interpretation of page content
💰
Amendment to Registered Bank Disclosure Statements Order
(continued from previous page)
💰 Finance & Revenue12 November 2012
Banking, Disclosure Statements, Capital Adequacy Framework, Solo Capital
- MICHAEL WEBSTER, for Clerk of the Executive Council
NZ Gazette 2012, No 137