✨ Banking Regulation
22 NOVEMBER 2013 NEW ZEALAND GAZETTE, No. 154 4261
paragraphs 39(a) and (b), and paragraphs B10A to B11D of Appendix B, of NZ IFRS 7.
(2)
In disclosing the maturity analyses of financial liabilities required by NZ IFRS 7 and the maturity analyses of financial assets required by subclause (1), the registered bank must include an "on demand" time band.
5 Reconciliation of mortgage-related amounts
(1)
The information in subclause (2) in respect of the registered bank’s banking group as at the balance date.
(2)
A table providing a reconciliation between any figures disclosed elsewhere in the full year disclosure statement that relate to mortgages on residential property, including but not limited to amounts described by any of the following terms:
(a) housing loans;
(b) residential mortgages; or
(c) retail mortgages.
(3)
In providing the reconciliation table required by subclause (2), the bank must explain any differences between the numbers, including, if applicable, but not limited to, the following explanations:
(a) whether an amount includes lending for the purpose of investment in residential property or only covers owner-occupied housing;
(b) whether or not an amount includes any corporate lending secured on residential mortgages; and
(c) whether an amount only includes drawn-down loan balances or also includes undrawn lending commitments.
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NZ Gazette 2013, No 154
✨ LLM interpretation of page content
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Registered Bank Disclosure Statements Order
(continued from previous page)
💰 Finance & RevenueBanking, Financial Disclosures, Credit Risk, Interest Rate Sensitivity, Liquidity Risk, Mortgage Reconciliation