Regulatory Alerts2022-05-17
Added · Updated
BS16 - Application for capital recognition or repayment: material to be provided to the Reserve Bank WEB
The Reserve Bank of New Zealand issues BS16 to define the application process and documentation requirements for New Zealand-incorporated registered banks seeking recognition of Additional Tier 1 or Tier 2 capital instruments. The document mandates that banks obtain a notice of non-objection before including such instruments in regulatory capital, detailing specific submission steps including initial and final applications, legal opinions, and self-assessments. It further establishes strict notification obligations and approval procedures for the repayment, repurchase, or replacement of capital instruments to ensure ongoing compliance with capital adequacy standards.
More like this from RBNZ
RBNZ published 6 documents in the last 30 days. We email you each new one the day it's published.