Arab Today, arab today new capital adequacy standards set for new zealand banks
Last Updated : GMT 22:03:31
Arab Today, arab today
Arab Today, arab today

New capital adequacy standards set for New Zealand banks

Arab Today, arab today

Arab Today, arab today New capital adequacy standards set for New Zealand banks

Wellington - XINHUA

Locally incorporated registered banks in New Zealand will have to maintain new capital adequacy standards from Jan. 1 next year, the Reserve Bank of New Zealand ( RBNZ) announced Tuesday. The new standards set higher minimum requirements around how much regulatory capital must be held by registered banks, along with which financial instruments can be treated as regulatory capital. The new capital ratios, measured in relation to each bank\'s risk-weighted assets, were a Common Equity Tier 1 capital ratio of 4.5 percent; a Tier 1 capital ratio of 6 percent; and a total capital of 8 percent. A bank that did not maintain a common equity buffer of 2.5 percent above these minimum ratios would face restrictions on the distributions it could make, said a statement from the RBNZ. Another key feature of the reforms was the introduction on Jan. 1, 2014, of a new counter-cyclical capital buffer that could be applied in times of excessive credit growth. The standards were part of the implementation of the international Basel III standards. \"The final capital adequacy requirements released today considerably enhance the ability of the New Zealand banking system to absorb shocks, whatever their source,\" RBNZ deputy governor Grant Spencer said in the statement. \"New Zealand banks are already well capitalized and this has made it easier for New Zealand to implement the Basel III package ahead of the schedule set by the BCBS (Basel Committee on Banking Supervision),\" he said. The Basel III capital framework was introduced by the BCBS in December 2010 to raise the quality and level of capital in the global banking system. The Basel III standards define Tier 1 capital as permanently and freely available to absorb losses without the bank being obliged to cease trading, while Tier 2 capital generally only absorbs losses in a winding up. Within Tier 1 capital, Common Equity Tier 1 has greater loss absorbing capability than the other Tier 1 instruments. The RBNZ was still to finalize two parts of the Basel III regime regarding counterparty credit risk and disclosure requirements. New disclosure requirements would take effect from March 31 next year and the counter-party credit risk requirements would take effect in early 2013.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today new capital adequacy standards set for new zealand banks Arab Today, arab today new capital adequacy standards set for new zealand banks

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Nermein Al Fekki films “Foxes in the Valley”

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday