✨ Banking Regulations
21 FEBRUARY 2014 NEW ZEALAND GAZETTE, No. 21 517
(b) derived in accordance with the conditions of registration relating to capital adequacy.
(2) The following information as at the reporting date:
(a) internal capital allocation for other material risks; and
(b) a summary description of the risks covered by the internal capital allocation for other material risks.
(3) The information that is required to be disclosed under subclause (2) must include comparative figures for the previous corresponding period.
18 Information about ultimate parent bank and ultimate parent banking group
(1) If the registered bank is a subsidiary of an ultimate parent bank,—
(a) the most recent publicly available information for the following in respect of the registered bank’s ultimate parent bank and ultimate parent bank group:
(i) the Common Equity Tier 1 capital ratio, if applicable;
(ii) the Tier 1 capital ratio;
(iii) the Total capital ratio; and
(iv) the date to which the measures of Common Equity Tier 1 capital ratio (if applicable), Tier 1 capital ratio and Total capital ratio relate; and
(b) a statement as to—
(i) whether or not the ultimate parent bank or ultimate parent banking group is required by the appropriate banking supervisory authority in its country of domicile to hold minimum capital at least equal to that specified under one of the Basel capital frameworks and if so, which (for example, Basel II or Basel III and, as applicable, the measurement approaches used for different categories of risk such as the standardised approach or one of the internal ratings-based approaches for credit risk); and
(ii) to the extent that the information is publicly available, whether or not the ultimate parent bank or ultimate parent bank group meets the capital requirements imposed on it by the appropriate banking supervisory authority in its country of domicile as at the latest reporting date; and
(c) the methods by which users can access information, if it has been published, that the ultimate parent bank is required to disclose to comply with Pillar 3 of Basel II, on the implementation of the Basel II or Basel III capital adequacy framework by the ultimate parent bank or ultimate parent bank group.
(2) The information that is required to be disclosed under subclause (1) must include comparative figures for the previous corresponding period.
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NZ Gazette 2014, No 21
✨ LLM interpretation of page content
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Capital for Other Material Risks
(continued from previous page)
💰 Finance & RevenueCapital, Material Risks, Banking
💰 Information about Ultimate Parent Bank and Ultimate Parent Banking Group
💰 Finance & RevenueBanking, Capital Ratios, Basel Framework, Parent Bank