PRUDENTIAL SUPERVISION: PRUDENTIAL STATEMENTS

Introduction

The Prudential Statements set out the minimum standards which banks should adopt for managing of risks. The Prudential Statements are also intended to provide banks and other interested parties with an understanding of the Reserve Bank’s banking supervision framework. In its approach to the supervision of banks, the Reserve Bank takes the view that it is the prime responsibility of each bank’s board and management to establish policies and procedures to prudently manage the bank’s business. The board and management are responsible for assessing the risks in the activities the bank undertakes and continually monitoring and controlling those risks.

Prudential Statement No.1 Revised 2007

Prudential Statement No.2 Revised 2007

Prudential Statement No.3