New Zealand Gazette – 2013 – No. 154

Page 4302

✨ Banking Regulations

4302 NEW ZEALAND GAZETTE, No. 154 22 NOVEMBER 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 154

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

💰 Schedule 13 - Concentration of Credit Exposures to Individual Counterparties (continued from previous page)

Domain💰 Finance & Revenue
KeywordsCredit exposure, Banking regulations, Reporting requirements, Risk management

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