Regulatory Alerts2022-05-17
Consultation Paper on Implementation of Basel III Capital Adequacy Requirements in New Zealand
The Reserve Bank of New Zealand proposes implementing core Basel III capital measures, including stricter definitions for Common Equity Tier 1, Additional Tier 1, and Tier 2 capital, alongside a new leverage ratio. The consultation seeks submissions on these proposals by 27 January 2012, with an expected effective date of 1 January 2013 for locally incorporated banks. The Reserve Bank also requests that banks complete a quantitative impact assessment to evaluate the effects of these stricter capital requirements.
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