Regulatory Alerts2022-05-17
2018.03.21 - list of supranationals and quasi-sovereigns
The Reserve Bank of New Zealand maintains a list of supranational and quasi-sovereign agencies to assist registered banks with large credit exposures surveys and disclosure requirements. Banks must classify entities on this list as 'Non-residents: Sovereign, supranational & multilateral' when completing industry classification columns. The document provides specific enumerations of eligible supranational entities and quasi-sovereign agencies, including development banks and government-level issuers.
Ref #7457744 Supranationals and quasi-sovereign agencies Last updated: 29 March 2018 The Reserve Bank maintains the following list of supranationals and quasi-sovereign agencies on its website for the purposes of:
- assisting registered banks in completing the large credit exposures survey
- providing the list referred to in the defined terms for “supranational” and “quasisovereign agency” in the disclosure Order in Council1 for New Zealand-incorporated registered banks. A supranational entity is formed by two or more central governments to promote economic development for the member countries. Quasi-sovereign institutions include national or state government-level issuers other than the sovereign national government. The list below, which includes supranational and quasi-sovereign issuers of Kauri bond debt in New Zealand, is not necessarily complete or exhaustive. If you become aware of another issuer that you believe should be on this list for prudential reporting and disclosure purposes, please contact the Reserve Bank Stats Unit, and we will consider whether to update this document. When completing the Large credit exposures templates, in the ‘Industry classification’ column, a bank must classify any supranational or quasi sovereign entity that appears on the following list as ‘Non-residents: Sovereign, supranational & multilateral’. Supranationals African Development Bank Asian Development Bank CAF Development Bank of Latin America Bank for International Settlements Caribbean Development Bank Council of Europe Development Bank EUROFIMA European Bank for Reconstruction and Development European Central Bank European Community European Investment Bank European Investment Fund Inter-American Development Bank 1 Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order 2014, as amended.
2 Ref #7457744 International Bank for Reconstruction and Development (World Bank) International Finance Corporation (World Bank) International Finance Facility for Immunisation International Monetary Fund Islamic Development Bank Nordic Investment Bank Quasi-sovereign agencies BNG Bank Export Development Canada Export-Import Bank of Korea FMS Wertmanagement KfW Bankengruppe Kommunalbanken Norway Kommuninvest Landeskreditbank Baden-Wuerttemberg - Foerderbank (L-Bank) Landwirtschaftliche Rentenbank Municipality Finance PLC (Kuntarahoitus OYJ) N.V. Bank Nederlandse Gemeenten Korea Development Bank NRW.BANK NWB Bank Oesterreichische Kontrollbank Queensland Treasury Corporation Swedish Export Credit Corporation