Regulatory Alerts2022-12-07
BPR120 Capital Adequacy Process Requirements Exposure Draft
The Reserve Bank of New Zealand issued this exposure draft to establish process requirements for banks' compliance with minimum capital adequacy standards. It mandates specific notification procedures and legal sign-offs for issuing or amending Additional Tier 1, Tier 2, and mutual capital instruments. The document further outlines restrictions on capital redemptions and purchases, along with supervisory responses for capital shortfalls and approval processes for internal risk models.
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