Regulatory Alerts2023-11-13
Procedures and Definitions for Large and Connected Exposures Prudential Surveys November 2023
The Reserve Bank of New Zealand issues updated procedures and definitions for the November 2023 Large Exposures and Connected Exposures prudential surveys to ensure consistent data reporting by registered banks. The document mandates specific calculation methods for credit exposures, including requirements for grouping closely related counterparties, applying industry classifications, and reporting external and internal credit ratings. It further details reporting obligations for connected persons, specifying how to handle netting, peak end-of-day exposures, and contingent credit protection arrangements in accordance with Connected Exposures Policy BS8.
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