Australia : Basel II Implementation Assessment

Author/Editor:

International Monetary Fund

Publication Date:

May 4, 2010

Electronic Access:

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Summary:

The key findings of Australia’s BASEL II implementation assessment are presented. The Australian Prudential Regulation Authority (APRA) allocated sufficient resources, including highly skilled staff, prior to the Basel II start date, and the outcome has been a robust and high-quality implementation that has built upon and substantially strengthened the risk-management capabilities of major banks. The quality of leadership and commitment by all involved has been instrumental in the success of this major implementation effort. APRA’s analysis of the adequacy of capital for systemically relevant banks is sound.

Series:

Country Report No. 10/107

Subject:

English

Publication Date:

May 4, 2010

ISBN/ISSN:

9781455204328/1934-7685

Stock No:

1AUSEA2010001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

31

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