Banking Regulations




8 MARCH 2013 NEW ZEALAND GAZETTE, No. 27 809

(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.



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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2013, No 27





✨ LLM interpretation of page content

💰 Solo capital adequacy for registered banks (continued from previous page)

💰 Finance & Revenue
Solo capital adequacy, Common Equity Tier 1, Tier 1 capital, Additional Tier 1 capital, Tier 2 capital, Total capital, banking regulations, disclosure requirements, internal capital allocation, material risks, credit exposure information, general requirements, calculation of credit exposure, large exposures, peak end-of-day aggregate credit exposure, credit rating