Regulatory Alerts2023-09-30
BPR110 Capital Definitions
The Reserve Bank of New Zealand issued BPR110 to establish the definitions and eligibility criteria for calculating total capital and its components for regulatory capital ratios. The document specifies the requirements for Common Equity Tier 1, Additional Tier 1, and Tier 2 capital, including detailed deductions and transitional phasing schedules for legacy instruments. It further outlines the recognition rules for minority interests and capital instruments issued by special purpose vehicles to ensure accurate compliance with prudential standards.
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