Australia: Basel II Implementation Assessment

May 4, 2010

Preview Citation

Format: Chicago

Australia: Basel II Implementation Assessment, (USA: International Monetary Fund, 2010) accessed September 20, 2024

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.

Subject: Banking, Basel II, Capital adequacy requirements, Credit risk, Financial regulation and supervision, Market risk, Operational risk

Keywords: ADI optimization, AMA approach, AMA bank, APRA approval, APRA benefit, APRA estimate, APRA Pillar, APRA staff, APRA supervisor, Basel II, Capital adequacy requirements, CR, Credit risk, Global, I. APRA, ISCR, Market risk, Operational risk, Policy development unit, Prudential standard, Risk ratings APRA, Stipulated process

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/107
Stock No:

1AUSEA2010001
ISBN:

9781455204328
ISSN:

1934-7685

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