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New Zealand Gazette – 2013 – No. 121

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✨ Banking regulations

3306 NEW ZEALAND GAZETTE, No. 121 30 AUGUST 2013

(2) The following criteria:

(a) a credit rating that applies to—

(i) the relevant entity’s long term senior unsecured obligations payable in New Zealand, in New Zealand dollars; or

(ii) the relevant entity’s long term senior unsecured foreign currency obligations:

(b) a credit rating given by a rating agency that has been approved by the Reserve Bank of New Zealand under section 80 of the Act.

(3) If an entity has 2 or more credit ratings that meet the criteria in subclauses (1) and (2) and those credit ratings are not the same, then the lowest credit rating applies.

Gazette.govt.nz — NZ Gazette 2013, No 121

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

💰 Concentration of credit exposures to individual counterparties (continued from previous page)

Domain💰 Finance & Revenue
KeywordsCredit exposure, Banking regulations, Risk management, Financial reporting, Counterparty risk

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