Regulatory Alerts2022-05-17
Feedback Statement: Proposed Basel III-related changes to bank disclosure requirements
The Reserve Bank of New Zealand issued this feedback statement to finalize Basel III-related updates to bank disclosure requirements following a consultation that received 15 responses. The regulator decided to update the composition of capital and terms of capital instruments using the existing disclosure style rather than adopting the Basel Committee's detailed template approach, citing clarity and lower compliance costs. While changes to capital ratio summaries and overseas bank disclosures were implemented immediately, the requirement for a capital reconciliation table was deferred pending further data gathering to assess its utility.
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