Regulatory Alerts2022-05-17
Basel III BS2B consultation - standard letter to bank CEs (internal models)
The Reserve Bank of New Zealand updates Chief Executives on the finalization of its Basel III implementation and seeks feedback on proposed changes to the Banking Supervision Handbook. The consultation includes draft revisions to the Capital adequacy framework (BS2B) and Statement of Principles (BS1) to translate finalized policy into detailed capital adequacy requirements. Additionally, the letter requests comments on minor technical changes unrelated to Basel III and outlines upcoming consultations on bank registration conditions and disclosure requirements effective from 1 January 2013.
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