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

    EBA Finalizes Remuneration Standards for Investment Firms in EU

    EBA finalized the two sets of draft regulatory technical standards on the identification of material risk-takers and on the classes of instruments used for remuneration under the Investment Firms Directive (IFD).

    January 21, 2021 WebPage Regulatory News
    News

    ECA Recommends Actions to Enhance Resolution Planning for Banks

    EC published, in the Official Journal of the European Union, a notification that the European Court of Auditors (ECA) has published a special report on resolution planning in the Single Resolution Mechanism.

    January 20, 2021 WebPage Regulatory News
    News

    BoE Publishes Key Elements of the 2021 Stress Testing for Banks in UK

    BoE published a scenario against which it will be stress testing banks in 2021, in addition to setting out the key elements of the 2021 stress test, guidance on the 2021 stress test, and the variable paths for the 2021 stress test.

    January 20, 2021 WebPage Regulatory News
    News

    PRA Proposes Rules on Identity Verification of Depositor Protection

    PRA published a consultation paper (CP3/21) proposes rules regarding the timing of identity verification required for eligibility of depositor protection under the Financial Services Compensation Scheme (FSCS).

    January 20, 2021 WebPage Regulatory News
    News

    FSB Publishes Work Program for 2021

    FSB published the work program for 2021, which reflects a strategic shift in priorities in the COVID-19 environment.

    January 20, 2021 WebPage Regulatory News
    News

    FCA Issues Update on Move to New Data Collection Platform

    FCA announced that 50% firms have started using the new data collection platform RegData, which is slated to replace the existing platform known Gabriel.

    January 20, 2021 WebPage Regulatory News
    News

    Bundesbank Publishes Derivation Rules for Reporting by Banks

    Bundesbank published Version 5.0 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system.

    January 19, 2021 WebPage Regulatory News
    News

    FED Revises Capital Planning and Stress Testing Requirements for Banks

    FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.

    January 19, 2021 WebPage Regulatory News
    News

    ECB Releases Results of Bank Lending Survey for Fourth Quarter of 2020

    ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.

    January 19, 2021 WebPage Regulatory News
    News

    ESAs Publish Reporting Templates for Financial Conglomerates

    ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.

    January 18, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6484