✨ 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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Solo capital adequacy for registered banks
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💰 Finance & RevenueSolo 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
NZ Gazette 2013, No 27