✨ Risk management policies
NEW ZEALAND GAZETTE, No. 121
30 AUGUST 2013
Schedule 18—Half year and off quarters
Risk management policies
Contents Page
1 Categories of risk.....................................................................................3320
2 Information about risks............................................................................3320
1 Categories of risk
Clause 2 applies if, since the reporting date for the previous disclosure statement, there has been a material change in the registered bank’s banking group’s policies for managing any of the following risks:
(a) credit risk, including concentrations of credit risk, intraday 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; and
(g) any other material risk to which the registered bank’s banking group is exposed.
2 Information about risks
(1) A statement of the nature of the changes in the registered bank’s banking group’s policies for managing the risks specified in clause 1.
(2) If, since the reporting date for the previous disclosure statement, the registered bank’s banking group has become exposed to a new category of risk specified in clause 1 to which the registered bank’s banking group was not previously exposed, the following information:
(a) the nature of that risk and the activities of the registered bank’s 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; and
(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
Next Page →
NZ Gazette 2013, No 121
✨ LLM interpretation of page content
💰
Schedule 18—Half year and off quarters Risk management policies
(continued from previous page)
💰 Finance & RevenueRisk management, Credit risk, Currency risk, Interest rate risk, Equity risk, Liquidity risk, Operational risk, Banking group, Financial instruments, Risk exposure
- REBECCA KITTERIDGE, Clerk of the Executive Council