Regulatory Alerts2022-05-17
Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order 2014 Amendment Order 2021 (No. 3)
The Governor-General of New Zealand, acting on the advice of the Minister of Finance and the Reserve Bank of New Zealand, issued this Order to amend the Registered Bank Disclosure Statements Order 2014. The amendments update disclosure requirements for New Zealand incorporated registered banks to align with new Banking Prudential Requirement documents governing capital adequacy, credit risk, and market risk. The Order also removes redundant definitions and material while introducing new reporting obligations for entities using the internal ratings-based approach.
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