Regulatory Alerts2022-05-17
Basel III Implementation Update and Consultation on Banking Supervision Handbook Changes
The Reserve Bank of New Zealand updates Chief Executives on the finalization of its Basel III capital adequacy framework and seeks feedback on proposed amendments to the Banking Supervision Handbook. The consultation requires banks to review draft changes to documents BS2A and BS1, which replace sections defining capital and apply minor technical adjustments, with comments due by 9 October 2012. Following this consultation, the regulator plans to propose mandatory compliance with the updated Handbook from 1 January 2013 and will later consult on new disclosure requirements.
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