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    RBNZ Consults on Review of Capital Adequacy Framework for Banks

    January 25, 2019

    RBNZ had published, on December 14, 2018, a proposal to raise the amount of capital that banks must hold. It is now publishing an updated version (Capital Review Paper 4) that proposes changes to regulatory capital requirements for locally incorporated banks. RBNZ has also extended the submission period for the Capital Review Paper 4 proposals to May 03, 2019. RBNZ also published an explanatory note on the portfolio risk modeling in the context of New Zealand, which is another one of the papers used as input for this consultation paper.

    The amendments to the Capital Review Paper 4 (the newly issued consultation paper) reflect:

    • The change to the deadline for submissions, which has been extended from March 29, 2019 to May 03, 2019
    • Clarification on the current capital framework’s treatment of tier 2 capital
    • Clarification to note that proposed restrictions on distributions apply, depending on the level of the prudential capital buffer
    • Minor word changes to enhance clarity or to correct typographical errors

     

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    Comment Due Date: May 03, 2019

    Keywords: Asia Pacific, New Zealand, Banking, Capital Requirements, Capital Framework, IRB Modeling, VAR Modeling, Capital Adequacy Framework, RBNZ

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