Regulatory Alerts2022-05-17
Added · Updated
Consultation paper: further elements of Basel III capital adequacy requirements in New Zealand
The Reserve Bank of New Zealand proposes implementing key Basel III capital framework elements, including the operation of the capital conservation buffer, a countercyclical capital buffer, and loss absorbency requirements at the point of non-viability. The consultation outlines specific restrictions on earnings distributions for banks operating within buffer ranges and mandates that non-common equity instruments be convertible to equity upon trigger events. Additionally, the Reserve Bank proposes transitional arrangements for implementation starting in 2013, with full application of the conservation and countercyclical buffers by 2014.
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