Featured Product

    RBNZ Updates Bank Financial Strength Dashboard with First Quarter Data

    August 03, 2020

    In a recent communication, RBNZ highlighted that it has made available the data on financial health of banks registered in New Zealand, for up March 31, 2020. The dashboard for the quarter ending on March 2020 was produced on time amid the COVID-19 pandemic. Toby Fiennes of RBNZ pointed out that Bank Financial Strength Dashboard has been one of the key initiatives of RBNZ for disclosures amid COVID-19 crisis. The dashboard makes it easier to compare the relative risks and financial position of different banks and is more timely than disclosure statements. RBNZ plans to review the dashboard for banks, launch a related consultation in the first quarter of 2021, and explore a prudential disclosure dashboard for the insurance and non-bank deposit-taker sectors.

    RBNZ discussed with banks on how to present information on some of the relief packages—such as mortgage deferrals—resulting in creation of different categories to the existing reporting classifications of banks. The key metrics covered in the dashboard are capital adequacy, asset quality, profitability, balance sheet, liquidity, issuer credit ratings, and nonperforming loan ratios of banks. RBNZ will be reviewing the dashboard starting later this year, partly to ensure it maintains a relevant picture of new emerging risks such as cyber and climate related risks. The review will also refresh some of the existing content, including adding or changing metrics, adding some new interactive features, and reviewing the publication process. The user community will be encouraged to provide their input on how to make the dashboard better. RBNZ will hold a public consultation to collect this feedback, most likely in the first quarter of 2021 and would aim to refresh the dashboard in late 2021. Along with the refresh, RBNZ is exploring a prudential disclosure dashboard for the insurance and non-bank deposit-taker sectors. RBNZ intends to begin consultation with insurers and non-bank deposit-takers in the last quarter of this year. A number of sector participants have been wanting data that is comparable across the industry. The insurance dashboard will be linked with the Insurance (Prudential Supervision) Act review and the review of insurer solvency standards, both of which are being relaunched in the fourth quarter of this year, following a delay due to COVID-19 outbreak.

     

    Related Links

    Keywords: Asia Pacific, New Zealand, Banking, COVID-19, Bank Financial Strength Dashboard, Disclosures, ESG, Reporting, Climate Change Risk, Basel, RBNZ

    Featured Experts
    Related Articles
    News

    PRA to Elaborate on Approach to Transposition of CRD5 by Mid-December

    PRA published a statement that explains when to expect further information on the PRA approach to transposing the Capital Requirements Directive (CRD5), including its approach to revisions to the definition of capital for Pillar 2A.

    November 30, 2020 WebPage Regulatory News
    News

    SRB Sets Out Work Program for 2021-2023

    SRB published the work program for 2021-2023, setting out a roadmap to further operationalize the Single Resolution Fund and to achieve robust resolvability of banks under its remit over the next three years.

    November 30, 2020 WebPage Regulatory News
    News

    EIOPA Consults on KPIs on Sustainability for Non-Financial Reporting

    EIOPA is consulting on the relevant ratios to be mandatorily disclosed by insurers and reinsurers falling within the scope of the Non-Financial Reporting Directive as well as on the methodologies to build these ratios.

    November 30, 2020 WebPage Regulatory News
    News

    ECB Publishes Guide on Management of Climate and Environmental Risks

    ECB finalized guidance on the way it expects banks to prudently manage and transparently disclose climate and other environmental risks under the current prudential rules.

    November 27, 2020 WebPage Regulatory News
    News

    BCBS Amends Capital Treatment of Non-Performing Loan Securitizations

    BCBS published a technical amendment to the capital treatment of securitizations of non-performing loans by banks.

    November 26, 2020 WebPage Regulatory News
    News

    BoE to Move Statistical Data Collection to BEEDs Portal

    BoE announced that the Data and Statistics Division is planning to move collection of statistical data to the BoE Electronic Data Submission (BEEDS) portal.

    November 25, 2020 WebPage Regulatory News
    News

    APRA Updates Reporting Standards and Guidance for EFS Data Collection

    APRA published the updated reporting standards and guidance for the collection of Economic and Financial Statistics (EFS), following a consultation process. Also published was a response letter to the feedback received on the proposal for amending the EFS reporting standards and guidance.

    November 24, 2020 WebPage Regulatory News
    News

    EC Consults on Criteria for Environmentally Sustainable Activities

    EC is consulting on a draft delegated regulation to supplement the Taxonomy Regulation (2020/852) by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as environmentally sustainable.

    November 20, 2020 WebPage Regulatory News
    News

    IFRS Examines Incorporation of Climate Risk Issues into IFRS Standards

    The IFRS Foundation published material highlighting the ways in which existing requirements in IFRS standards require companies to consider climate-related matters when their effect is material to the financial statements.

    November 20, 2020 WebPage Regulatory News
    News

    FSB Report Outlines Progress on Interest Rate Benchmark Reform

    FSB published a progress report on the implementation of reforms to major interest rate benchmarks, including the London Inter-bank Offered Rate (LIBOR) benchmark.

    November 20, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 6167