✨ Financial Regulation Definitions
21 FEBRUARY 2014 NEW ZEALAND GAZETTE, No. 21 455
any entity or any part of any entity, means the financial reporting group including or excluding that entity or that part of that entity, as the case may be
Basel II, as the context requires, refers either to the capital adequacy framework set out in the paper "International Convergence of Capital Measurement and Capital Standards" issued by the Basel Committee on Banking Supervision in June 2006 or to a country’s or jurisdiction’s implementation of prudential requirements derived from that framework.
Basel III, as the context requires, refers either to Basel II as issued by the Basel Committee on Banking Supervision as supplemented by the Committee’s paper "Basel III: A global regulatory framework for more resilient banks and banking systems" issued in June 2011 or to a country’s or jurisdiction’s implementation of prudential requirements derived from that framework.
buffer ratio,—
(a) in Schedules 9 and 10, has the same meaning as in Capital Adequacy Framework (Standardised Approach) (BS2A); and
(b) in Schedules 11 and 12, has the same meaning as in Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
capital, in clause 5 of Schedule 2, in relation to—
(a) an overseas banking group, means the amount of capital held by the overseas banking group, determined in accordance with the requirements of the authority having the power to impose minimum capital requirements on the overseas banking group; and
(b) a banking group, means the amount of capital held by the banking group, determined in accordance with the conditions of registration relating to capital adequacy for the registered bank heading the banking group
Capital Adequacy Framework (Standardised Approach) (BS2A) means the Reserve Bank document entitled "Capital Adequacy Framework (Standardised Approach) (BS2A)"
Capital Adequacy Framework (Internal Models Based Approach) (BS2B) means the Reserve Bank document entitled "Capital Adequacy Framework (Internal Models Based Approach) (BS2B)"
collective credit impairment allowance means an allowance for credit impairment loss on groups of financial assets
Common Equity Tier 1 capital,—
(a) in Schedules 9 and 10, has the same meaning as in Capital Adequacy Framework (Standardised Approach) (BS2A); and
(b) in Schedules 11 and 12, has the same meaning as in Capital Adequacy Framework (Internal Models Based Approach) (BS2B)
Common Equity Tier 1 capital ratio,—
(a) in Schedules 9 and 10, has the same meaning as in Capital Adequacy Framework (Standardised Approach) (BS2A); and
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NZ Gazette 2014, No 21
✨ LLM interpretation of page content
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Registered Bank Disclosure Statements Order 2014
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💰 Finance & RevenueBanking, Financial Regulation, Disclosure Statements, Reserve Bank, Basel II, Basel III, Capital Adequacy