Featured Product

    RBNZ Issues Responses to Proposal on Framework for Identifying D-SIBs

    August 08, 2019

    RBNZ published the summary of submissions received, along with individual submissions, for consultation on the framework for identifying domestic systemically important banks (D-SIBs). RBNZ received four responses to the consultation, which were from ASB, ANZ, BNZ, and Kiwibank. In general, respondents support the proposed framework for identifying D-SIBs. The final framework for identifying D-SIBs and the list of D-SIBs will be published in November 2019, along with all other capital review-related decisions.

    RBNZ had launched a consultation on the framework for identifying D-SIBs on April 08, 2019,, with a feedback deadline of May 31, 2019. The main purpose of the framework is to provide the methodology for identifying D-SIBs, as a complement to the review on the new bank capital adequacy requirements. The proposed framework uses an indicator-based methodology that is aligned with international practices. The significance of banks to the financial system is evaluated according to four categories of bank characteristics and activities—size, interconnectedness, substitutability, and complexity. Using the proposed framework, ANZ NZ, ASB, BNZ, and Westpac NZ are being identified as D-SIBs in New Zealand.

     

    Related Links

    Keywords: Asia Pacific, New Zealand, Banking, D-SIBs, Regulatory Capital, Capital Adequacy, Responses to Consultation, RBNZ

    Featured Experts
    Related Articles
    News

    APRA Consults to Standardize Submission Date for Quarterly Reporting

    APRA proposed to standardize quarterly reporting due dates for authorized deposit-taking institutions. The proposed standardized due date is 35 calendar days after the last day of the reference quarter, which will create a 14-calendar-day extension for credit unions and building societies.

    November 08, 2019 WebPage Regulatory News
    News

    EBA Single Rulebook Q&A: First Update for November 2019

    EBA updated the Single Rulebook question and answer (Q&A) tool with answers to two questions. The answers provide clarifications on topics related to own funds and strong customer authentication under the revised Payment Services Directive or PSD2.

    November 08, 2019 WebPage Regulatory News
    News

    FED Proposes to Extend Initial Compliance Dates Under SCCL Rule

    FED published a proposal to extend, by 18 months, the initial compliance dates for foreign banks subject to the single-counterparty credit limit (SCCL) rule.

    November 08, 2019 WebPage Regulatory News
    News

    EBA Publishes Technical Package on Reporting Framework 2.9.1

    EBA published a new release of the reporting framework 2.9.1. This release includes validation rules, Data Point Model (DPM) data dictionary, XBRL taxonomy, and other supporting documents. Additionally, the release fixes some modeling issues on COREP Liquidity and FINREP.

    November 08, 2019 WebPage Regulatory News
    News

    EBA Publishes Methodology and Draft Templates for Stress Tests in 2020

    EBA published a package for the 2020 EU-wide stress test exercise for banks.

    November 07, 2019 WebPage Regulatory News
    News

    EC Publishes Results of Fitness Check of Reporting Requirements in EU

    EC published results of the fitness check of supervisory reporting requirements in financial services legislation in EU.

    November 07, 2019 WebPage Regulatory News
    News

    BCBS Assesses NSFR and LE Rules in Argentina and China as Compliant

    BCBS published reports that assess the implementation of net stable funding ratio (NSFR) and large exposures, or LE, framework in Argentina and China.

    November 07, 2019 WebPage Regulatory News
    News

    FSB Publishes Summary of Plenary Meeting in Paris

    At the meeting, the Plenary reviewed vulnerabilities in the global financial system, fintech developments (including developments in the crypto-asset markets), ongoing work of FSB, and the work program for 2020.

    November 07, 2019 WebPage Regulatory News
    News

    HKMA Highlights Technology Initiatives at the Hong Kong FinTech Week

    HKMA co-organized, with InvestHK, the Hong Kong FinTech Week 2019, which was a five-day flagship fintech event that attracted thousands of attendees worldwide.

    November 06, 2019 WebPage Regulatory News
    News

    ECB Report on Fallback Provisions in Contracts Referencing EURIBOR

    ECB published a report, by private sector working group on euro risk-free rates, presenting recommendations for fallback provisions in contracts for cash products and derivative transactions referencing EURIBOR.

    November 06, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4118