Document ID: chunk:federal_register_of_legislation:F2024L01075:body:0:p12
Version: federal_register_of_legislation:F2024L01075
Segment Type: other
Provision Reference: 
Character Range: 35583–38286

daily values may be calculated as a best estimate, provided that this is undertaken on a consistent and prudent basis, with appropriate supporting governance and procedures.
 4.          An ADI is not required to disclose the BCBS template relating to the summary comparison of accounting assets vs leverage ratio exposure measure on a quarterly basis. An ADI is required to disclose this template on a semi-annual basis.

Liquidity
 1.          Under the Liquidity disclosure requirements, an ADI is required to disclose its total High Quality Liquid Assets and Alternative Liquid Assets. As part of this disclosure, an ADI must also disclose its total liquid assets that are RBNZ eligible securities, which are securities that the RBNZ will accept in its domestic market operations.
 2.          An ADI is not required to disclose its performing loans and securities with a risk weight of less than or equal to 35 per cent under the Basel II standardised approach for credit risk as part of their Net Stable Funding Ratio disclosure requirements as stated by the BCBS Standard. Instead, an ADI must disclose its standard residential property loans, as that term is defined in APS 112, to individuals with a loan-to-value ratio of 80 per cent or below, excluding encumbered loans and loans with a maturity less than one year.
 3.          When making disclosures relating to 'small business customers' under the BCBS Standard, an ADI should use the definition of 'SME customer' in Prudential Standard APS 210 Liquidity (APS 210).
 4.          ADIs that are Significant Financial Institutions that use the minimum liquidity holdings approach under APS 210 are not required to make disclosures relating to the liquidity coverage ratio or the net stable funding ratio under the BCBS Standard.
[1]  Refer to subsection 11AF(2) of the Banking Act.
[2]  https://www.bis.org/basel_framework/standard/DIS.htm.
[3]         Proprietary information encompasses information that, if shared with competitors, would render an ADI's investment in its products/systems less valuable by undermining its competitive position. Confidential information is that which an ADI possesses about customers or other persons that is confidential, being provided under the terms of a legal agreement or counterparty relationship. Personal information is as defined in the Privacy Act 1988.
[4]  Accountable Person has the meaning given in subsection 37BA of the Banking Act.
[5]  prescribed New Zealand authority has the meaning given in subsection 5(1) of the Banking Act.
[6] An ADI whose financial year ends on 30 June must make the disclosures using 31 December data (i.e. based on interim rather than financial year-end data).