✨ Definitions for Registered Bank Disclosure Statements
30 AUGUST 2013 NEW ZEALAND GAZETTE, No. 121 3235
(b) by a sovereign authority in an overseas jurisdiction
group of closely related counterparties means a group of legal or natural persons who are related in such a way that—
(a) the financial soundness of any one of them may materially affect the financial soundness of the others;
(b) one has the power to control the others; or
(c) one has the capacity to exercise significant influence over the others
holding company has the same meaning as in section 5 of the Companies Act 1993
immediate relative, in relation to any person, means their spouse, civil union partner, or de facto partner (as defined in the Property (Relationships) Act 1976), and any parent, brother, sister or child, in each case whether or not adoptive, of that person or of their spouse, civil union partner or de facto partner
individual credit impairment allowance means an allowance for credit impairment loss on individual assets
individually impaired asset means a financial asset that is individually determined to be impaired in accordance with NZ IAS 39 paragraphs 58 to 62
insurance business, in relation to a registered bank, has the same meaning as in the conditions of registration for the registered bank
interest rate risk has the same meaning as in NZ IFRS 7
IRB approach means an internal ratings-based approach as described in Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
issuer has the same meaning as in section 4 of the Financial Reporting Act 1993
key management personnel has the same meaning as in NZ IAS 24
LGD means a loss given default determined in accordance with Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
material,—
(a) in relation to a statement, fact or item to which generally accepted accounting practice applies, has the meaning given to it by generally accepted accounting practice; or
(b) in relation to a statement, fact or item to which generally accepted accounting practice does not apply, means that the inclusion or omission of the statement, fact, or item, or the method of treating the disclosure of the statement, fact, or item, would be likely to influence a reasonable user of the disclosure statement
NZ IAS 1 means New Zealand Equivalent to International Accounting Standard 1 (Presentation of Financial Statements), approved under the Financial Reporting Act 1993
NZ IAS 24 means New Zealand Equivalent to International Accounting Standard 24 (Related Party Disclosures), approved under the Financial Reporting Act 1993
NZ IAS 32 means New Zealand Equivalent to International Accounting Standard 32 (Financial Instruments: Presentation), approved under the Financial Reporting Act 1993
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NZ Gazette 2013, No 121
✨ LLM interpretation of page content
💰
Definitions for Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order (No 2) 2013
(continued from previous page)
💰 Finance & Revenue26 August 2013
Banking, Financial Reporting, Capital Adequacy, Basel II, Basel III, Reserve Bank